BlackRock MuniVest Fund II, Inc. $MVT Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 22.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 544,764 shares of the financial services provider’s stock after buying an additional 98,651 shares during the period. Advisors Asset Management Inc. owned 2.61% of BlackRock MuniVest Fund II worth $5,791,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MVT. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniVest Fund II during the second quarter worth about $103,000. Jane Street Group LLC acquired a new stake in BlackRock MuniVest Fund II during the 2nd quarter worth approximately $118,000. Oppenheimer & Co. Inc. acquired a new position in shares of BlackRock MuniVest Fund II in the third quarter valued at approximately $143,000. Moors & Cabot Inc. increased its holdings in shares of BlackRock MuniVest Fund II by 5.7% in the second quarter. Moors & Cabot Inc. now owns 18,500 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,000 shares during the period. Finally, Gridiron Partners LLC raised its stake in shares of BlackRock MuniVest Fund II by 9,221.4% during the third quarter. Gridiron Partners LLC now owns 2,244,314 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 2,220,237 shares during the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Up 0.3%

Shares of NYSE MVT opened at $10.95 on Friday. The stock has a fifty day moving average price of $10.77 and a 200 day moving average price of $10.63. BlackRock MuniVest Fund II, Inc. has a 1-year low of $9.71 and a 1-year high of $11.19.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) annualized dividend and a dividend yield of 5.9%.

BlackRock MuniVest Fund II Company Profile

BlackRock MuniVest Fund II (NYSE: MVT) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Listed on the New York Stock Exchange, the fund primarily invests in a diversified portfolio of U.S. municipal obligations, including general obligation bonds, revenue bonds and variable rate instruments. As a municipally focused fund, it aims to capture tax-efficient yields while managing credit and duration risk.

The fund’s investment strategy emphasizes fundamental credit analysis and sector diversification across various issuers at the state, city and local levels.