Ackerman Capital Advisors LLC Increases Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Ackerman Capital Advisors LLC raised its holdings in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,771 shares of the financial services provider’s stock after purchasing an additional 24,816 shares during the period. Ackerman Capital Advisors LLC’s holdings in BlackRock MuniVest Fund II were worth $1,643,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of BlackRock MuniVest Fund II by 27.0% in the 4th quarter. Bank of New York Mellon Corp now owns 75,062 shares of the financial services provider’s stock worth $792,000 after buying an additional 15,955 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in BlackRock MuniVest Fund II by 573.8% in the fourth quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 9,421 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of BlackRock MuniVest Fund II by 2.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock worth $813,000 after acquiring an additional 2,000 shares during the last quarter. Callahan Advisors LLC bought a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at $931,000. Finally, Scarborough Advisors LLC bought a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at $1,092,000. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Trading Up 1.0 %

Shares of BlackRock MuniVest Fund II stock opened at $10.94 on Wednesday. BlackRock MuniVest Fund II, Inc. has a 1 year low of $10.33 and a 1 year high of $11.97. The firm’s 50-day moving average is $10.70 and its 200 day moving average is $11.03.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 annualized dividend and a dividend yield of 5.92%.

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.