Kennedy Investment Group Trims Stock Position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Kennedy Investment Group decreased its position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 5.4% in the third quarter, Holdings Channel reports. The firm owned 111,190 shares of the financial services provider’s stock after selling 6,301 shares during the period. Kennedy Investment Group’s holdings in BlackRock MuniVest Fund II were worth $1,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC purchased a new stake in shares of BlackRock MuniVest Fund II in the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of BlackRock MuniVest Fund II by 204.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 4,250 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in BlackRock MuniVest Fund II by 268.7% in the second quarter. Wolverine Asset Management LLC now owns 6,637 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 4,837 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in BlackRock MuniVest Fund II during the 1st quarter worth about $123,000. Finally, Nomura Holdings Inc. purchased a new position in BlackRock MuniVest Fund II during the 4th quarter valued at about $130,000. Institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Trading Down 0.8 %

Shares of NYSE:MVT traded down $0.09 during trading hours on Monday, hitting $11.23. The company’s stock had a trading volume of 13,487 shares, compared to its average volume of 43,433. The firm’s fifty day moving average price is $11.34 and its 200 day moving average price is $10.97. BlackRock MuniVest Fund II, Inc. has a 52 week low of $8.96 and a 52 week high of $11.97.

BlackRock MuniVest Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.054 dividend. This is an increase from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.77%.

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.