BlackRock MuniVest Fund II (NYSE:MVT) Shares Cross Below 50 Day Moving Average of $10.76

BlackRock MuniVest Fund II, Inc. (NYSE:MVT)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.76 and traded as low as $10.42. BlackRock MuniVest Fund II shares last traded at $10.45, with a volume of 72,220 shares trading hands.

BlackRock MuniVest Fund II Stock Down 0.3 %

The stock has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $10.44.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.0505 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.61 dividend on an annualized basis and a yield of 5.80%.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

A number of institutional investors have recently modified their holdings of the company. Robinson Capital Management LLC grew its stake in shares of BlackRock MuniVest Fund II by 58.5% in the fourth quarter. Robinson Capital Management LLC now owns 540,045 shares of the financial services provider’s stock valued at $5,822,000 after buying an additional 199,397 shares in the last quarter. Fiera Capital Corp grew its stake in shares of BlackRock MuniVest Fund II by 7.2% in the fourth quarter. Fiera Capital Corp now owns 359,540 shares of the financial services provider’s stock valued at $3,872,000 after buying an additional 24,115 shares in the last quarter. Saba Capital Management L.P. grew its stake in shares of BlackRock MuniVest Fund II by 193.6% in the third quarter. Saba Capital Management L.P. now owns 353,104 shares of the financial services provider’s stock valued at $3,280,000 after buying an additional 232,834 shares in the last quarter. Karpus Management Inc. grew its stake in shares of BlackRock MuniVest Fund II by 3.0% in the fourth quarter. Karpus Management Inc. now owns 313,267 shares of the financial services provider’s stock valued at $3,374,000 after buying an additional 9,073 shares in the last quarter. Finally, AQR Arbitrage LLC grew its stake in shares of BlackRock MuniVest Fund II by 78.3% in the third quarter. AQR Arbitrage LLC now owns 200,908 shares of the financial services provider’s stock valued at $1,866,000 after buying an additional 88,240 shares in the last quarter. 34.19% of the stock is owned by institutional investors and hedge funds.

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.