Gridiron Partners LLC Buys 2,220,237 Shares of BlackRock MuniVest Fund II, Inc. $MVT

Gridiron Partners LLC grew its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 9,221.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,244,314 shares of the financial services provider’s stock after buying an additional 2,220,237 shares during the quarter. Gridiron Partners LLC owned approximately 10.76% of BlackRock MuniVest Fund II worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of BlackRock MuniVest Fund II by 28.5% during the second quarter. Advisors Asset Management Inc. now owns 446,113 shares of the financial services provider’s stock worth $4,604,000 after purchasing an additional 98,890 shares during the period. Riverbridge Partners LLC boosted its stake in BlackRock MuniVest Fund II by 5.3% in the 2nd quarter. Riverbridge Partners LLC now owns 36,931 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 1,851 shares during the period. Plancorp LLC bought a new stake in BlackRock MuniVest Fund II in the 1st quarter valued at approximately $211,000. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of BlackRock MuniVest Fund II by 69.4% in 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 in the last quarter. Finally, Melfa Wealth Management Inc. increased its position in shares of BlackRock MuniVest Fund II by 39.1% in the second quarter. Melfa Wealth Management Inc. now owns 64,785 shares of the financial services provider’s stock valued at $669,000 after acquiring an additional 18,200 shares during the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

Shares of MVT opened at $10.66 on Tuesday. BlackRock MuniVest Fund II, Inc. has a 1-year low of $9.71 and a 1-year high of $11.19. The company’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $10.46.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.054 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 6.1%.

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.