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

Bank of New York Mellon Corp grew its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,106 shares of the financial services provider’s stock after purchasing an additional 1,279 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.28% of BlackRock MuniVest Fund II worth $653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Gridiron Partners LLC bought a new stake in shares of BlackRock MuniVest Fund II in the 4th quarter worth approximately $259,000. Concurrent Investment Advisors LLC increased its position in BlackRock MuniVest Fund II by 41.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 22,500 shares during the period. Nomura Holdings Inc. bought a new position in BlackRock MuniVest Fund II in the 4th quarter worth $130,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of BlackRock MuniVest Fund II in the 1st quarter worth about $123,000. Finally, Karpus Management Inc. boosted its stake in shares of BlackRock MuniVest Fund II by 3.0% during the 4th quarter. Karpus Management Inc. now owns 313,267 shares of the financial services provider’s stock valued at $3,374,000 after purchasing an additional 9,073 shares in the last quarter. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Trading Down 0.2 %

MVT opened at $11.42 on Tuesday. The stock has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $10.91. BlackRock MuniVest Fund II, Inc. has a 12-month low of $8.96 and a 12-month high of $11.97.

BlackRock MuniVest Fund II Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05.

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.