Bank of New York Mellon Corp Boosts Stock Holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Bank of New York Mellon Corp increased its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,062 shares of the financial services provider’s stock after buying an additional 15,955 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock MuniVest Fund II were worth $792,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its position in shares of BlackRock MuniVest Fund II by 573.8% in the fourth quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 9,421 shares during the period. Avior Wealth Management LLC increased its stake in shares of BlackRock MuniVest Fund II by 15.9% in the 4th quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,775 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund II in the 3rd quarter worth about $153,000. Catalina Capital Group LLC purchased a new position in BlackRock MuniVest Fund II during the fourth quarter worth approximately $301,000. Finally, HighTower Advisors LLC grew its holdings in BlackRock MuniVest Fund II by 8.4% in the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 2,123 shares during the period. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

BlackRock MuniVest Fund II stock opened at $10.69 on Wednesday. BlackRock MuniVest Fund II, Inc. has a 12 month low of $10.33 and a 12 month high of $11.97. The business has a 50 day simple moving average of $10.78 and a 200-day simple moving average of $10.95.

BlackRock MuniVest Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date is Friday, March 14th.

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.