Ameriprise Financial Inc. Purchases 5,159 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Ameriprise Financial Inc. increased its position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,638 shares of the financial services provider’s stock after acquiring an additional 5,159 shares during the quarter. Ameriprise Financial Inc. owned about 0.44% of BlackRock MuniVest Fund II worth $988,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Guggenheim Capital LLC increased its stake in shares of BlackRock MuniVest Fund II by 26.8% in the fourth quarter. Guggenheim Capital LLC now owns 474,769 shares of the financial services provider’s stock worth $5,009,000 after purchasing an additional 100,383 shares during the period. Cohen & Steers Inc. increased its position in BlackRock MuniVest Fund II by 5.5% in the 4th quarter. Cohen & Steers Inc. now owns 58,000 shares of the financial services provider’s stock worth $612,000 after buying an additional 3,000 shares during the period. Rockefeller Capital Management L.P. increased its position in BlackRock MuniVest Fund II by 131.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 90,755 shares of the financial services provider’s stock worth $957,000 after buying an additional 51,548 shares during the period. Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund II during the fourth quarter worth $409,000. Finally, Invesco Ltd. increased its position in BlackRock MuniVest Fund II by 12.9% during the fourth quarter. Invesco Ltd. now owns 192,106 shares of the financial services provider’s stock worth $2,027,000 after acquiring an additional 21,978 shares during the period. 34.19% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund II Stock Down 0.2%

Shares of MVT stock opened at $10.09 on Monday. The firm’s fifty day simple moving average is $10.22 and its 200 day simple moving average is $10.59. BlackRock MuniVest Fund II, Inc. has a 1 year low of $9.71 and a 1 year high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.054 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.65 annualized dividend and a yield of 6.42%.

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.