Raymond James Financial Services Advisors Inc. Has $112,000 Stock Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Raymond James Financial Services Advisors Inc. cut its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,523 shares of the financial services provider’s stock after selling 3,683 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock MuniVest Fund II were worth $112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kovack Advisors Inc. boosted its holdings in BlackRock MuniVest Fund II by 5.5% during the second quarter. Kovack Advisors Inc. now owns 20,737 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 1,072 shares during the last quarter. Melfa Wealth Management LLC boosted its stake in BlackRock MuniVest Fund II by 39.7% in the second quarter. Melfa Wealth Management LLC now owns 56,575 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 16,064 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in BlackRock MuniVest Fund II by 276.5% in the first quarter. Rockefeller Capital Management L.P. now owns 37,021 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 27,189 shares during the last quarter. Susquehanna International Group LLP purchased a new position in BlackRock MuniVest Fund II in the first quarter valued at about $192,000. Finally, Karpus Management Inc. boosted its stake in BlackRock MuniVest Fund II by 22.3% in the first quarter. Karpus Management Inc. now owns 880,871 shares of the financial services provider’s stock valued at $9,469,000 after acquiring an additional 160,808 shares during the last quarter. 24.31% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Trading Up 2.0 %

MVT opened at $9.73 on Wednesday. BlackRock MuniVest Fund II, Inc. has a twelve month low of $8.96 and a twelve month high of $11.33. The company’s 50-day moving average price is $9.57 and its two-hundred day moving average price is $10.13.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.0315 dividend. This represents a $0.38 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, November 14th.

BlackRock MuniVest Fund II Company 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.