HighTower Advisors LLC Boosts Stock Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

HighTower Advisors LLC raised its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,450 shares of the financial services provider’s stock after buying an additional 2,123 shares during the quarter. HighTower Advisors LLC owned about 0.13% of BlackRock MuniVest Fund II worth $307,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pathstone Holdings LLC grew its holdings in shares of BlackRock MuniVest Fund II by 20.8% during the third quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock valued at $5,932,000 after buying an additional 89,537 shares during the last quarter. Advisors Asset Management Inc. lifted its position in BlackRock MuniVest Fund II by 65.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider’s stock valued at $1,813,000 after acquiring an additional 62,895 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in BlackRock MuniVest Fund II during the 3rd quarter valued at $153,000. Kimelman & Baird LLC bought a new stake in shares of BlackRock MuniVest Fund II in the 2nd quarter worth $146,000. Finally, Van ECK Associates Corp raised its stake in shares of BlackRock MuniVest Fund II by 4.0% in the second quarter. Van ECK Associates Corp now owns 171,465 shares of the financial services provider’s stock worth $1,895,000 after purchasing an additional 6,533 shares during the last quarter. Hedge funds and other institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Up 0.6 %

Shares of NYSE:MVT opened at $10.49 on Tuesday. BlackRock MuniVest Fund II, Inc. has a 1 year low of $10.33 and a 1 year high of $11.97. The stock’s fifty day moving average price is $11.01 and its 200-day moving average price is $11.10.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 6.18%. The ex-dividend date is Monday, December 16th.

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.