Blackrock Munivest Fund II Inc. (NYSE:MVT) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.48 and traded as low as $14.67. Blackrock Munivest Fund II shares last traded at $14.70, with a volume of 15,008 shares.
The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.0595 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.84%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Blackrock Munivest Fund II by 2.4% in the fourth quarter. Van ECK Associates Corp now owns 60,013 shares of the financial services provider’s stock worth $784,000 after acquiring an additional 1,387 shares during the last quarter. Advisor Group Inc. increased its stake in Blackrock Munivest Fund II by 585.7% in the fourth quarter. Advisor Group Inc. now owns 6,500 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 5,552 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Blackrock Munivest Fund II in the first quarter valued at $179,000. Fiera Capital Corp acquired a new position in Blackrock Munivest Fund II in the fourth quarter valued at $165,000. Finally, Ackerman Capital Advisors LLC acquired a new position in Blackrock Munivest Fund II in the first quarter valued at $216,000. 6.83% of the stock is owned by institutional investors.
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.
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