Kennedy Investment Group Decreases Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Kennedy Investment Group decreased its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,190 shares of the financial services provider’s stock after selling 6,301 shares during the quarter. Kennedy Investment Group owned about 0.52% of BlackRock MuniVest Fund II worth $1,266,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MVT. Nomura Holdings Inc. purchased a new position in BlackRock MuniVest Fund II during the fourth quarter worth $130,000. Van ECK Associates Corp boosted its stake in shares of BlackRock MuniVest Fund II by 4.8% during the 1st quarter. Van ECK Associates Corp now owns 164,932 shares of the financial services provider’s stock worth $1,799,000 after purchasing an additional 7,588 shares during the period. Concurrent Investment Advisors LLC grew its holdings in BlackRock MuniVest Fund II by 41.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 22,500 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in BlackRock MuniVest Fund II in the 1st quarter worth about $123,000. Finally, Ackerman Capital Advisors LLC raised its position in BlackRock MuniVest Fund II by 5.1% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 136,499 shares of the financial services provider’s stock worth $1,508,000 after purchasing an additional 6,646 shares during the period. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Down 0.8 %

Shares of NYSE:MVT traded down $0.09 during trading hours on Monday, hitting $11.23. 13,487 shares of the company’s stock traded hands, compared to its average volume of 43,433. The business has a fifty day moving average price of $11.34 and a 200-day moving average price of $10.97. BlackRock MuniVest Fund II, Inc. has a 1 year low of $8.96 and a 1 year high of $11.97.

BlackRock MuniVest Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.054 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.77%. This is a boost from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05.

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.