Kovack Advisors Inc. Buys 1,516 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Kovack Advisors Inc. grew its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,324 shares of the financial services provider’s stock after buying an additional 1,516 shares during the period. Kovack Advisors Inc.’s holdings in BlackRock MuniVest Fund II were worth $262,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MVT. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniVest Fund II in the 3rd quarter valued at approximately $31,000. Relyea Zuckerberg Hanson LLC acquired a new stake in shares of BlackRock MuniVest Fund II in the fourth quarter worth $113,000. Landscape Capital Management L.L.C. lifted its stake in shares of BlackRock MuniVest Fund II by 20.1% in the third quarter. Landscape Capital Management L.L.C. now owns 16,238 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,718 shares during the last quarter. Davis Investment Partners LLC bought a new stake in shares of BlackRock MuniVest Fund II during the 4th quarter worth $250,000. Finally, SFI Advisors LLC acquired a new position in BlackRock MuniVest Fund II in the 4th quarter valued at $283,000. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Trading Up 0.2 %

Shares of MVT opened at $10.40 on Tuesday. BlackRock MuniVest Fund II, Inc. has a one year low of $8.96 and a one year high of $11.17. The company’s fifty day moving average price is $10.73 and its 200 day moving average price is $10.47.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.0505 per share. The ex-dividend date is Friday, April 12th. This represents a $0.61 annualized dividend and a dividend yield of 5.83%.

About BlackRock MuniVest Fund II

BlackRock MuniVest Fund II, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term municipal bonds exempt from federal income taxes. BlackRock MuniVest Fund II, Inc was formed on March 29, 1993 and is domiciled in United States.