Callahan Advisors LLC Invests $931,000 in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Callahan Advisors LLC bought a new position in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 88,236 shares of the financial services provider’s stock, valued at approximately $931,000. Callahan Advisors LLC owned 0.42% of BlackRock MuniVest Fund II at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Rivernorth Capital Management LLC raised 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 worth $25,213,000 after buying an additional 37,419 shares in the last quarter. Pathstone Holdings LLC raised 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 worth $5,932,000 after buying an additional 89,537 shares in the last quarter. Van ECK Associates Corp raised 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 worth $1,847,000 after buying an additional 7,866 shares in the last quarter. Advisors Asset Management Inc. raised 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 worth $1,813,000 after buying an additional 62,895 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new position in BlackRock MuniVest Fund II in the fourth quarter worth about $1,092,000. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Price Performance

MVT stock opened at $10.87 on Tuesday. BlackRock MuniVest Fund II, Inc. has a 1 year low of $10.33 and a 1 year high of $11.97. The firm has a 50-day moving average of $10.71 and a 200 day moving average of $11.03.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Friday, February 14th.

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.