Concurrent Investment Advisors LLC Increases Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Concurrent Investment Advisors LLC increased its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 41.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,100 shares of the financial services provider’s stock after acquiring an additional 22,500 shares during the period. Concurrent Investment Advisors LLC’s holdings in BlackRock MuniVest Fund II were worth $841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MVT. Pineridge Advisors LLC bought a new position in BlackRock MuniVest Fund II in the 4th quarter valued at $60,000. Relyea Zuckerberg Hanson LLC purchased a new stake in BlackRock MuniVest Fund II during the fourth quarter worth about $113,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniVest Fund II in the fourth quarter worth about $130,000. Davis Investment Partners LLC purchased a new position in BlackRock MuniVest Fund II in the fourth quarter valued at about $250,000. Finally, Gridiron Partners LLC purchased a new position in BlackRock MuniVest Fund II in the fourth quarter valued at about $259,000. 34.19% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Trading Down 0.3 %

Shares of NYSE:MVT traded down $0.03 during mid-day trading on Monday, reaching $11.01. The company had a trading volume of 28,722 shares, compared to its average volume of 42,615. BlackRock MuniVest Fund II, Inc. has a one year low of $8.96 and a one year high of $11.17. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $10.75.

BlackRock MuniVest Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a $0.0505 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, July 15th.

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.