BlackRock MuniVest Fund II, Inc. (NYSE:MVT) to Issue $0.05 Monthly Dividend

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) declared a monthly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0505 per share by the financial services provider on Friday, March 1st. This represents a $0.61 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock MuniVest Fund II Stock Up 0.1 %

NYSE:MVT traded up $0.01 during mid-day trading on Friday, reaching $10.18. 177,985 shares of the company’s stock traded hands, compared to its average volume of 50,295. BlackRock MuniVest Fund II has a 12-month low of $8.96 and a 12-month high of $11.33. The company has a 50 day moving average price of $9.53 and a 200-day moving average price of $10.11.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in BlackRock MuniVest Fund II by 9.9% in the 4th quarter. LPL Financial LLC now owns 19,872 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 1,782 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of BlackRock MuniVest Fund II by 19.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,081 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 2,283 shares in the last quarter. Royal Bank of Canada raised its position in shares of BlackRock MuniVest Fund II by 27.5% in the 3rd quarter. Royal Bank of Canada now owns 22,842 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 4,928 shares in the last quarter. UBS Group AG raised its position in shares of BlackRock MuniVest Fund II by 6.3% in the 3rd quarter. UBS Group AG now owns 92,578 shares of the financial services provider’s stock worth $934,000 after acquiring an additional 5,519 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of BlackRock MuniVest Fund II by 21.8% in the 3rd quarter. Invesco Ltd. now owns 35,793 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 6,409 shares in the last quarter. 24.31% of the stock is currently owned by institutional investors.

About BlackRock MuniVest Fund II

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.