BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Shares Purchased by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC increased its position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,213,642 shares of the financial services provider’s stock after buying an additional 37,419 shares during the quarter. BlackRock MuniVest Fund II comprises 1.2% of Rivernorth Capital Management LLC’s holdings, making the stock its 24th largest position. Rivernorth Capital Management LLC owned approximately 0.10% of BlackRock MuniVest Fund II worth $25,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MVT. Concurrent Investment Advisors LLC increased its position in shares of BlackRock MuniVest Fund II by 1.3% during the second quarter. Concurrent Investment Advisors LLC now owns 78,100 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of BlackRock MuniVest Fund II by 3.1% in 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 purchasing an additional 1,182 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BlackRock MuniVest Fund II by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,106 shares of the financial services provider’s stock valued at $653,000 after buying an additional 1,279 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of BlackRock MuniVest Fund II by 17.8% during the third quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,689 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in BlackRock MuniVest Fund II by 8.4% in the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 2,123 shares in the last quarter. 34.19% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund II Price Performance

MVT opened at $10.99 on Friday. The company has a 50-day moving average of $11.11 and a 200-day moving average of $11.09. BlackRock MuniVest Fund II, Inc. has a 1-year low of $10.33 and a 1-year high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.90%. The ex-dividend date is Monday, December 16th.

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.