BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Stake Boosted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 204.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,333 shares of the financial services provider’s stock after purchasing an additional 4,250 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in BlackRock MuniVest Fund II were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Karpus Management Inc. grew its holdings in BlackRock MuniVest Fund II by 3.0% in the 4th quarter. Karpus Management Inc. now owns 313,267 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 9,073 shares in the last quarter. Van ECK Associates Corp grew its holdings in BlackRock MuniVest Fund II by 4.0% in the 2nd quarter. Van ECK Associates Corp now owns 171,465 shares of the financial services provider’s stock worth $1,895,000 after buying an additional 6,533 shares in the last quarter. Ackerman Capital Advisors LLC grew its holdings in BlackRock MuniVest Fund II by 5.1% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,499 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 6,646 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in BlackRock MuniVest Fund II by 1.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 78,100 shares of the financial services provider’s stock worth $863,000 after buying an additional 1,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in BlackRock MuniVest Fund II by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,106 shares of the financial services provider’s stock worth $653,000 after buying an additional 1,279 shares in the last quarter. 34.19% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Price Performance

Shares of MVT stock opened at $11.41 on Friday. BlackRock MuniVest Fund II, Inc. has a 12-month low of $8.96 and a 12-month high of $11.97. The business has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $10.92.

BlackRock MuniVest Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.68%. This is a positive change from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th.

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.