Riverbridge Partners LLC Purchases 1,851 Shares of BlackRock MuniVest Fund II, Inc. $MVT

Riverbridge Partners LLC raised its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,931 shares of the financial services provider’s stock after purchasing an additional 1,851 shares during the period. Riverbridge Partners LLC’s holdings in BlackRock MuniVest Fund II were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in BlackRock MuniVest Fund II by 17.9% in the 1st quarter. Advisors Asset Management Inc. now owns 347,223 shares of the financial services provider’s stock worth $3,670,000 after buying an additional 52,699 shares during the period. Sit Investment Associates Inc. grew its position in shares of BlackRock MuniVest Fund II by 6.3% in the first quarter. Sit Investment Associates Inc. now owns 332,205 shares of the financial services provider’s stock valued at $3,511,000 after purchasing an additional 19,692 shares in the last quarter. Invesco Ltd. lifted its holdings in BlackRock MuniVest Fund II by 2.3% during the 1st quarter. Invesco Ltd. now owns 196,586 shares of the financial services provider’s stock worth $2,078,000 after purchasing an additional 4,480 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in BlackRock MuniVest Fund II in the 1st quarter worth about $1,597,000. Finally, Ameriprise Financial Inc. increased its position in shares of BlackRock MuniVest Fund II by 5.8% during the fourth quarter. Ameriprise Financial Inc. now owns 93,638 shares of the financial services provider’s stock valued at $988,000 after buying an additional 5,159 shares during the period. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Price Performance

Shares of BlackRock MuniVest Fund II stock opened at $10.59 on Friday. BlackRock MuniVest Fund II, Inc. has a 12-month low of $9.71 and a 12-month high of $11.50. The company’s 50-day moving average price is $10.31 and its 200-day moving average price is $10.27.

BlackRock MuniVest Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.054 dividend. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a yield of 6.1%.

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.