Kennedy Investment Group Has $1.05 Million Stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Kennedy Investment Group lowered its position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,927 shares of the financial services provider’s stock after selling 11,263 shares during the period. Kennedy Investment Group owned 0.47% of BlackRock MuniVest Fund II worth $1,054,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in BlackRock MuniVest Fund II by 15.9% during the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,775 shares during the period. Rivernorth Capital Management LLC lifted its position 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 worth $25,213,000 after purchasing an additional 37,419 shares during the period. HighTower Advisors LLC raised its stake in BlackRock MuniVest Fund II by 8.4% during the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,123 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in BlackRock MuniVest Fund II during the third quarter worth $153,000. Finally, Rockefeller Capital Management L.P. raised its stake in 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 worth $447,000 after acquiring an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Stock Performance

Shares of NYSE:MVT opened at $10.75 on Wednesday. BlackRock MuniVest Fund II, Inc. has a twelve month low of $10.33 and a twelve month high of $11.97. The business has a fifty day moving average of $10.78 and a 200-day moving average of $11.05.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.054 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.03%.

About BlackRock MuniVest Fund II

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.