BlackRock MuniVest Fund II, Inc. Plans Monthly Dividend of $0.05 (NYSE:MVT)

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.054 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, December 22nd.

BlackRock MuniVest Fund II Stock Down 0.1%

Shares of MVT traded down $0.02 during trading hours on Friday, reaching $10.71. The stock had a trading volume of 48,516 shares, compared to its average volume of 40,935. BlackRock MuniVest Fund II has a 12 month low of $9.71 and a 12 month high of $11.19. The company’s 50-day moving average is $10.73 and its two-hundred day moving average is $10.45.

Institutional Trading of BlackRock MuniVest Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in MVT. Gridiron Partners LLC increased its stake in shares of BlackRock MuniVest Fund II by 9,221.4% in the third quarter. Gridiron Partners LLC now owns 2,244,314 shares of the financial services provider’s stock valued at $256,000 after buying an additional 2,220,237 shares during the period. Advisors Asset Management Inc. increased its position in BlackRock MuniVest Fund II by 28.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 446,113 shares of the financial services provider’s stock valued at $4,604,000 after acquiring an additional 98,890 shares during the period. Karpus Management Inc. raised its stake in shares of BlackRock MuniVest Fund II by 19.5% during the second quarter. Karpus Management Inc. now owns 398,165 shares of the financial services provider’s stock valued at $4,109,000 after acquiring an additional 65,037 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock MuniVest Fund II by 10.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 317,330 shares of the financial services provider’s stock worth $3,373,000 after purchasing an additional 30,817 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of BlackRock MuniVest Fund II by 69.4% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 73,069 shares of the financial services provider’s stock worth $772,000 after purchasing an additional 29,947 shares during the period. 34.19% of the stock is currently owned by institutional investors.

About BlackRock MuniVest Fund II

BlackRock MuniVest Fund II (NYSE: MVT) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Listed on the New York Stock Exchange, the fund primarily invests in a diversified portfolio of U.S. municipal obligations, including general obligation bonds, revenue bonds and variable rate instruments. As a municipally focused fund, it aims to capture tax-efficient yields while managing credit and duration risk.

The fund’s investment strategy emphasizes fundamental credit analysis and sector diversification across various issuers at the state, city and local levels.