Dakota Wealth Management Reduces Stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Dakota Wealth Management lessened its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 19.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,000 shares of the financial services provider’s stock after selling 2,901 shares during the quarter. Dakota Wealth Management’s holdings in BlackRock MuniVest Fund II were worth $137,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kimelman & Baird LLC purchased a new position in BlackRock MuniVest Fund II during the 2nd quarter worth approximately $146,000. Wolverine Asset Management LLC grew its stake in BlackRock MuniVest Fund II by 268.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider’s stock worth $73,000 after buying an additional 4,837 shares during the last quarter. Bank of New York Mellon Corp grew its stake in BlackRock MuniVest Fund II by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,106 shares of the financial services provider’s stock worth $653,000 after buying an additional 1,279 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in BlackRock MuniVest Fund II by 204.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 4,250 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in BlackRock MuniVest Fund II by 41.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 22,500 shares during the period. Hedge funds and other institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Down 0.8 %

BlackRock MuniVest Fund II stock opened at $10.86 on Wednesday. BlackRock MuniVest Fund II, Inc. has a twelve month low of $9.05 and a twelve month high of $11.97. The stock has a 50 day moving average of $11.32 and a two-hundred day moving average of $10.99.

BlackRock MuniVest Fund II Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.97%. This is a boost from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

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.