BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Rating) declared a monthly dividend on Friday, February 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, February 15th will be given a dividend of 0.0355 per share by the financial services provider on Wednesday, March 1st. This represents a $0.43 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Tuesday, February 14th.
BlackRock MuniVest Fund II has decreased its dividend payment by an average of 4.6% annually over the last three years.
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BlackRock MuniVest Fund II Stock Performance
Shares of MVT opened at $11.08 on Monday. The company's fifty day moving average is $10.84 and its 200 day moving average is $10.77. BlackRock MuniVest Fund II has a fifty-two week low of $9.51 and a fifty-two week high of $14.09.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of MVT. Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniVest Fund II by 83.5% during the first quarter. Rivernorth Capital Management LLC now owns 127,479 shares of the financial services provider's stock valued at $1,646,000 after purchasing an additional 57,994 shares during the period. Invesco Ltd. lifted its stake in BlackRock MuniVest Fund II by 19.3% in the first quarter. Invesco Ltd. now owns 205,239 shares of the financial services provider's stock worth $2,650,000 after acquiring an additional 33,272 shares during the period. Robinson Capital Management LLC lifted its stake in BlackRock MuniVest Fund II by 12,672.0% in the first quarter. Robinson Capital Management LLC now owns 31,930 shares of the financial services provider's stock worth $413,000 after acquiring an additional 31,680 shares during the period. Bank of America Corp DE lifted its position in shares of BlackRock MuniVest Fund II by 7.5% during the first quarter. Bank of America Corp DE now owns 411,904 shares of the financial services provider's stock valued at $5,318,000 after buying an additional 28,724 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of BlackRock MuniVest Fund II during the first quarter valued at about $316,000.
BlackRock MuniVest Fund II Company Profile
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BlackRock MuniVest Fund II, Inc operates as mutual fund closed-end investment trust. The company investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. It invests under normal market conditions in municipal bonds rated investment grade and invests primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment.
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