BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Stock Holdings Boosted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 204.0% in the second quarter, HoldingsChannel.com reports. The firm owned 6,333 shares of the financial services provider’s stock after buying an additional 4,250 shares during the period. EverSource Wealth Advisors LLC’s holdings in BlackRock MuniVest Fund II were worth $70,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC bought a new position in BlackRock MuniVest Fund II during the 2nd quarter valued at $27,000. Pineridge Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund II during the 4th quarter valued at $60,000. Wolverine Asset Management LLC lifted its position in shares of 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 valued at $73,000 after acquiring an additional 4,837 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock MuniVest Fund II during the 1st quarter valued at $123,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniVest Fund II during the 4th quarter valued at $130,000. 34.19% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Stock Performance

Shares of NYSE:MVT opened at $11.41 on Friday. BlackRock MuniVest Fund II, Inc. has a one year low of $8.96 and a one year high of $11.97. The stock has a fifty day moving average of $11.23 and a 200-day moving average of $10.92.

BlackRock MuniVest Fund II Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders 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 dividend yield of 5.68%. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05.

About BlackRock MuniVest Fund II

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.