47,926 Shares in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Bought by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC bought a new position in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 47,926 shares of the financial services provider’s stock, valued at approximately $506,000.

Other large investors also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its position in BlackRock MuniVest Fund II by 573.8% in the 4th quarter. Wolverine Asset Management LLC now owns 11,063 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 9,421 shares during the period. Avior Wealth Management LLC raised its position in BlackRock MuniVest Fund II by 17.8% in the 3rd quarter. Avior Wealth Management LLC now owns 11,184 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,689 shares during the period. Benjamin Edwards Inc. purchased a new position in BlackRock MuniVest Fund II in the 3rd quarter worth $153,000. Freestone Capital Holdings LLC raised its position in BlackRock MuniVest Fund II by 13.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 2,600 shares during the period. Finally, Hollencrest Capital Management purchased a new position in BlackRock MuniVest Fund II in the 4th quarter worth $263,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.

BlackRock MuniVest Fund II Trading Down 0.1 %

Shares of NYSE:MVT opened at $10.54 on Tuesday. BlackRock MuniVest Fund II, Inc. has a 52 week low of $10.33 and a 52 week high of $11.97. The company’s fifty day moving average is $10.77 and its 200 day moving average is $10.98.

BlackRock MuniVest Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend is Friday, March 14th.

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.