Van ECK Associates Corp Raises Stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Van ECK Associates Corp grew its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,344 shares of the financial services provider’s stock after acquiring an additional 16,996 shares during the quarter. Van ECK Associates Corp owned about 0.74% of BlackRock MuniVest Fund II worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MVT. Advisor Partners II LLC purchased a new stake in shares of BlackRock MuniVest Fund II in the third quarter valued at about $931,000. Ackerman Capital Advisors LLC increased its holdings in shares of BlackRock MuniVest Fund II by 5.8% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 109,033 shares of the financial services provider’s stock worth $1,013,000 after buying an additional 5,965 shares during the last quarter. RPO LLC raised its position in shares of BlackRock MuniVest Fund II by 59.8% during the 3rd quarter. RPO LLC now owns 143,285 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 53,593 shares during the period. Landscape Capital Management L.L.C. lifted its holdings in 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 valued at $151,000 after acquiring an additional 2,718 shares during the last quarter. Finally, Fiera Capital Corp grew its position in BlackRock MuniVest Fund II by 2.0% in the third quarter. Fiera Capital Corp now owns 335,425 shares of the financial services provider’s stock worth $3,116,000 after acquiring an additional 6,708 shares during the period. Hedge funds and other institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Price Performance

MVT stock opened at $10.82 on Thursday. BlackRock MuniVest Fund II, Inc. has a 52-week low of $8.96 and a 52-week high of $11.17. The business has a fifty day moving average of $10.70 and a two-hundred day moving average of $10.52.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.0505 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.61 annualized dividend and a yield of 5.60%.

BlackRock MuniVest Fund II Profile

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.