BlackRock MuniVest Fund II, Inc. (NYSE:MVT) to Issue $0.05 Monthly Dividend

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.054 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock MuniVest Fund II Stock Performance

Shares of NYSE MVT traded down $0.02 during mid-day trading on Friday, reaching $10.71. 48,516 shares of the company were exchanged, compared to its average volume of 40,935. The company’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $10.45. BlackRock MuniVest Fund II has a twelve month low of $9.71 and a twelve month high of $11.19.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in BlackRock MuniVest Fund II during the 3rd quarter worth approximately $35,000. Nomura Holdings Inc. bought a new position in BlackRock MuniVest Fund II during the 2nd quarter worth $103,000. Jane Street Group LLC acquired a new stake in shares of BlackRock MuniVest Fund II during the second quarter worth $118,000. Landscape Capital Management L.L.C. boosted its position in shares of BlackRock MuniVest Fund II by 12.0% in the first quarter. Landscape Capital Management L.L.C. now owns 12,655 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 1,360 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of BlackRock MuniVest Fund II in the third quarter valued at about $143,000. Institutional investors own 34.19% of the company’s stock.

About BlackRock MuniVest Fund II

BlackRock MuniVest Fund II (NYSE: MVT) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Listed on the New York Stock Exchange, the fund primarily invests in a diversified portfolio of U.S. municipal obligations, including general obligation bonds, revenue bonds and variable rate instruments. As a municipally focused fund, it aims to capture tax-efficient yields while managing credit and duration risk.

The fund’s investment strategy emphasizes fundamental credit analysis and sector diversification across various issuers at the state, city and local levels.