Advisors Asset Management Inc. Acquires 135,318 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Advisors Asset Management Inc. increased its holdings in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 85.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,524 shares of the financial services provider’s stock after purchasing an additional 135,318 shares during the period. Advisors Asset Management Inc. owned approximately 1.39% of BlackRock MuniVest Fund II worth $3,107,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Rivernorth Capital Management LLC lifted its holdings in shares of 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. Pathstone Holdings LLC lifted its holdings 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 purchasing an additional 89,537 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of BlackRock MuniVest Fund II by 4.7% during the 4th quarter. Van ECK Associates Corp now owns 175,118 shares of the financial services provider’s stock valued at $1,847,000 after purchasing an additional 7,866 shares in the last quarter. Ackerman Capital Advisors LLC lifted its holdings in shares of BlackRock MuniVest Fund II by 19.0% during the 4th quarter. Ackerman Capital Advisors LLC now owns 155,771 shares of the financial services provider’s stock valued at $1,643,000 after purchasing an additional 24,816 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new position in shares of BlackRock MuniVest Fund II during the 4th quarter valued at about $1,092,000. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

NYSE MVT opened at $10.82 on Friday. The stock’s 50 day moving average price is $10.77 and its two-hundred day moving average price is $10.97. BlackRock MuniVest Fund II, Inc. has a 52 week low of $10.33 and a 52 week high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, March 14th.

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.