Concurrent Investment Advisors LLC Purchases 2,000 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Concurrent Investment Advisors LLC raised its position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,100 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.36% of BlackRock MuniVest Fund II worth $813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MVT. Avior Wealth Management LLC raised its stake in shares of BlackRock MuniVest Fund II by 17.8% during the third quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,689 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in BlackRock MuniVest Fund II in the 3rd quarter worth $153,000. HighTower Advisors LLC lifted its stake in BlackRock MuniVest Fund II by 8.4% in the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,123 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in BlackRock MuniVest Fund II during the fourth quarter valued at about $301,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of BlackRock MuniVest Fund II by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 39,207 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,182 shares during the last quarter. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

Shares of MVT stock opened at $10.89 on Monday. The business has a 50-day moving average of $10.70 and a 200 day moving average of $11.03. 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 Announces Dividend

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