Ackerman Capital Advisors LLC Increases Stock Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Ackerman Capital Advisors LLC raised its position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,771 shares of the financial services provider’s stock after acquiring an additional 24,816 shares during the quarter. Ackerman Capital Advisors LLC owned approximately 0.73% of BlackRock MuniVest Fund II worth $1,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in BlackRock MuniVest Fund II by 27.0% during the 4th quarter. Bank of New York Mellon Corp now owns 75,062 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 15,955 shares during the period. Wolverine Asset Management LLC grew its position in shares of BlackRock MuniVest Fund II by 573.8% in the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock worth $117,000 after buying an additional 9,421 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of BlackRock MuniVest Fund II by 2.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock valued at $813,000 after buying an additional 2,000 shares during the period. Callahan Advisors LLC bought a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at approximately $931,000. Finally, Scarborough Advisors LLC purchased a new stake in BlackRock MuniVest Fund II in the fourth quarter worth $1,092,000. 34.19% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Price Performance

Shares of BlackRock MuniVest Fund II stock opened at $10.94 on Wednesday. The company’s fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $11.03. BlackRock MuniVest Fund II, Inc. has a 12-month low of $10.33 and a 12-month high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend is Friday, February 14th.

BlackRock MuniVest Fund II Company 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.