Raymond James Financial Inc. Acquires New Stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 38,770 shares of the financial services provider’s stock, valued at approximately $409,000.

Several other institutional investors and hedge funds have also made changes to their positions in MVT. Wolverine Asset Management LLC increased its stake in BlackRock MuniVest Fund II by 573.8% in the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock worth $117,000 after buying an additional 9,421 shares during the period. Landscape Capital Management L.L.C. bought a new position in BlackRock MuniVest Fund II in the 4th quarter worth about $119,000. Avior Wealth Management LLC increased its position in shares of BlackRock MuniVest Fund II by 15.9% during the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,775 shares during the period. Freestone Capital Holdings LLC raised its stake in shares of BlackRock MuniVest Fund II by 13.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of BlackRock MuniVest Fund II in the fourth quarter valued at approximately $263,000. 34.19% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund II Price Performance

Shares of NYSE:MVT opened at $10.37 on Friday. The business’s 50 day moving average is $10.36 and its 200 day moving average is $10.68. BlackRock MuniVest Fund II, Inc. has a 52-week low of $9.71 and a 52-week high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date is Thursday, May 15th.

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.