Noble Wealth Management PBC Sells 1,100 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Noble Wealth Management PBC lowered its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,175 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. Noble Wealth Management PBC owned approximately 0.32% of BlackRock MuniVest Fund II worth $721,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC bought a new position in BlackRock MuniVest Fund II during the fourth quarter valued at about $506,000. Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund II during the fourth quarter valued at about $409,000. Hollencrest Capital Management bought a new position in BlackRock MuniVest Fund II during the fourth quarter valued at about $263,000. Atala Financial Inc bought a new position in BlackRock MuniVest Fund II during the fourth quarter valued at about $737,000. Finally, Sit Investment Associates Inc. grew its position in BlackRock MuniVest Fund II by 23.2% during the fourth quarter. Sit Investment Associates Inc. now owns 312,513 shares of the financial services provider’s stock valued at $3,297,000 after buying an additional 58,782 shares during the period. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

MVT opened at $10.16 on Thursday. The firm has a 50-day moving average of $10.14 and a 200 day moving average of $10.55. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.65 annualized dividend and a yield of 6.38%.

BlackRock MuniVest Fund II Profile

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.