Hollencrest Capital Management Buys Shares of 24,958 BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Hollencrest Capital Management purchased a new position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 24,958 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other hedge funds have also made changes to their positions in MVT. Scarborough Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter worth about $1,092,000. Pathstone Holdings LLC lifted its position in shares of BlackRock MuniVest Fund II by 20.8% during the third quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock worth $5,932,000 after purchasing an additional 89,537 shares in the last quarter. Callahan Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter worth about $931,000. Noble Wealth Management PBC acquired a new stake in shares of BlackRock MuniVest Fund II during the fourth quarter worth about $731,000. Finally, Advisors Asset Management Inc. lifted its position in shares of BlackRock MuniVest Fund II by 65.3% during the third quarter. Advisors Asset Management Inc. now owns 159,206 shares of the financial services provider’s stock worth $1,813,000 after purchasing an additional 62,895 shares in the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Price Performance

Shares of MVT opened at $10.67 on Thursday. The company’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $10.99. BlackRock MuniVest Fund II, Inc. has a 1 year low of $10.33 and a 1 year high of $11.97.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.054 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.07%.

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.