Wells Fargo & Company MN Boosts Stock Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Wells Fargo & Company MN boosted its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,381 shares of the financial services provider’s stock after buying an additional 1,826 shares during the quarter. Wells Fargo & Company MN owned approximately 0.11% of BlackRock MuniVest Fund II worth $363,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in BlackRock MuniVest Fund II during the 4th quarter valued at $304,000. Cambridge Investment Research Advisors Inc. lifted its stake in BlackRock MuniVest Fund II by 8.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,655 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 1,227 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in BlackRock MuniVest Fund II by 7.2% during the 4th quarter. Kovack Advisors Inc. now owns 14,820 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 1,000 shares during the period. LPL Financial LLC increased its stake in BlackRock MuniVest Fund II by 7.3% in the 3rd quarter. LPL Financial LLC now owns 12,408 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 845 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter valued at approximately $148,000. 9.38% of the stock is currently owned by institutional investors and hedge funds.

NYSE MVT opened at $15.50 on Friday. The stock has a 50 day simple moving average of $14.89 and a two-hundred day simple moving average of $14.75. BlackRock MuniVest Fund II, Inc. has a fifty-two week low of $12.32 and a fifty-two week high of $15.93.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 3rd. Investors of record on Thursday, April 15th will be paid a dividend of $0.0585 per share. This represents a $0.70 annualized dividend and a yield of 4.53%. The ex-dividend date is Wednesday, April 14th.

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.

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Institutional Ownership by Quarter for BlackRock MuniVest Fund II (NYSE:MVT)

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