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

Concurrent Investment Advisors LLC raised its holdings in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,100 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in BlackRock MuniVest Fund II were worth $813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rivernorth Capital Management LLC lifted its holdings in shares of BlackRock MuniVest Fund II by 1.7% during the third quarter. Rivernorth Capital Management LLC now owns 2,213,642 shares of the financial services provider’s stock valued at $25,213,000 after purchasing an additional 37,419 shares in the last quarter. Pathstone Holdings LLC lifted its stake in BlackRock MuniVest Fund II by 20.8% during the 3rd quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock valued at $5,932,000 after acquiring an additional 89,537 shares during the period. Van ECK Associates Corp boosted its holdings in shares of BlackRock MuniVest Fund II by 4.7% during the 4th quarter. Van ECK Associates Corp now owns 175,118 shares of the financial services provider’s stock valued at $1,847,000 after acquiring an additional 7,866 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of BlackRock MuniVest Fund II by 65.3% in the third quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider’s stock worth $1,813,000 after acquiring an additional 62,895 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in shares of BlackRock MuniVest Fund II during the fourth quarter valued at approximately $1,092,000. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

Shares of BlackRock MuniVest Fund II stock opened at $10.89 on Monday. BlackRock MuniVest Fund II, Inc. has a twelve month low of $10.33 and a twelve month high of $11.97. The company’s 50 day moving average is $10.70 and its 200 day moving average is $11.03.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.054 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.95%.

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.