Moors & Cabot Inc. Lowers Stock Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Moors & Cabot Inc. reduced its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the financial services provider’s stock after selling 1,173 shares during the period. Moors & Cabot Inc.’s holdings in BlackRock MuniVest Fund II were worth $185,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MVT. Pathstone Holdings LLC lifted its position in shares of BlackRock MuniVest Fund II by 20.8% during the 3rd quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock valued at $5,932,000 after buying an additional 89,537 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of BlackRock MuniVest Fund II by 17.8% during the 3rd quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,689 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock MuniVest Fund II by 65.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider’s stock valued at $1,813,000 after buying an additional 62,895 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock MuniVest Fund II by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,207 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,182 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of BlackRock MuniVest Fund II during the 3rd quarter valued at about $153,000. 34.19% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Price Performance

NYSE MVT opened at $10.55 on Monday. The stock’s 50 day moving average is $10.77 and its 200 day moving average is $10.98. BlackRock MuniVest Fund II, Inc. has a 12 month low of $10.33 and a 12 month high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.054 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a yield of 6.15%.

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.