BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,342 shares of the financial services provider’s stock after selling 9,522 shares during the period. Bank of America Corp DE owned approximately 0.27% of BlackRock MuniVest Fund II worth $594,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in BlackRock MuniVest Fund II by 85.0% during the 4th quarter. Advisors Asset Management Inc. now owns 294,524 shares of the financial services provider’s stock worth $3,107,000 after purchasing an additional 135,318 shares during the period. Scarborough Advisors LLC acquired a new position in BlackRock MuniVest Fund II during the fourth quarter worth $1,092,000. Guggenheim Capital LLC grew its holdings in BlackRock MuniVest Fund II by 26.8% during the fourth quarter. Guggenheim Capital LLC now owns 474,769 shares of the financial services provider’s stock worth $5,009,000 after acquiring an additional 100,383 shares during the period. Callahan Advisors LLC acquired a new position in BlackRock MuniVest Fund II during the fourth quarter worth $931,000. Finally, Atala Financial Inc acquired a new position in BlackRock MuniVest Fund II during the fourth quarter worth $737,000. 34.19% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund II Stock Up 0.1%

Shares of MVT stock opened at $10.13 on Wednesday. BlackRock MuniVest Fund II, Inc. has a 1-year low of $9.71 and a 1-year high of $11.97. The business’s fifty day moving average price is $10.15 and its 200 day moving average price is $10.55.

BlackRock MuniVest Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.40%.

About BlackRock MuniVest Fund II

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.