Bank of New York Mellon Corp Increases Stock Holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Bank of New York Mellon Corp raised its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,062 shares of the financial services provider’s stock after buying an additional 15,955 shares during the quarter. Bank of New York Mellon Corp owned about 0.35% of BlackRock MuniVest Fund II worth $792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MVT. Scarborough Advisors LLC acquired a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at about $1,092,000. Callahan Advisors LLC purchased a new stake in BlackRock MuniVest Fund II during the 4th quarter worth approximately $931,000. Rivernorth Capital Management LLC increased its stake in BlackRock MuniVest Fund II by 1.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,213,642 shares of the financial services provider’s stock valued at $25,213,000 after purchasing an additional 37,419 shares in the last quarter. Catalina Capital Group LLC purchased a new position in shares of BlackRock MuniVest Fund II in the fourth quarter worth $301,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of BlackRock MuniVest Fund II during the third quarter worth $153,000. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Price Performance

Shares of MVT opened at $10.69 on Wednesday. The company’s fifty day moving average price is $10.78 and its 200-day moving average price is $10.95. BlackRock MuniVest Fund II, Inc. has a 1-year low of $10.33 and a 1-year high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, March 14th.

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.