Wolverine Asset Management LLC Purchases 9,421 Shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Wolverine Asset Management LLC boosted its position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 573.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,063 shares of the financial services provider’s stock after acquiring an additional 9,421 shares during the quarter. Wolverine Asset Management LLC owned 0.05% of BlackRock MuniVest Fund II worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Rivernorth Capital Management LLC increased its stake in BlackRock MuniVest Fund II by 1.7% in 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 acquiring an additional 37,419 shares during the last quarter. Pathstone Holdings LLC increased its stake in BlackRock MuniVest Fund II by 20.8% in the third 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 last quarter. Van ECK Associates Corp increased its stake in BlackRock MuniVest Fund II by 4.7% in the fourth 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. increased its stake in 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 valued at $1,813,000 after acquiring an additional 62,895 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in BlackRock MuniVest Fund II during the fourth quarter valued at about $1,092,000. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

NYSE MVT opened at $10.83 on Tuesday. The company has a 50-day simple moving average of $10.70 and a two-hundred day simple moving average of $11.03. BlackRock MuniVest Fund II, Inc. has a 12-month low of $10.33 and a 12-month high of $11.97.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 annualized dividend and a yield of 5.98%.

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.