BlackRock MuniVest Fund II (NYSE:MVT) Shares Pass Below 50-Day Moving Average – Here’s Why

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.73 and traded as low as $10.68. BlackRock MuniVest Fund II shares last traded at $10.7250, with a volume of 60,801 shares.

BlackRock MuniVest Fund II Trading Down 0.1%

The business has a 50-day moving average price of $10.73 and a 200-day moving average price of $10.41.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $0.054 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, November 14th.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in BlackRock MuniVest Fund II during the 3rd quarter worth approximately $35,000. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniVest Fund II during the second quarter worth $103,000. Jane Street Group LLC acquired a new position in shares of BlackRock MuniVest Fund II in the 2nd quarter valued at $118,000. Landscape Capital Management L.L.C. grew its stake in BlackRock MuniVest Fund II by 12.0% during the 1st quarter. Landscape Capital Management L.L.C. now owns 12,655 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in BlackRock MuniVest Fund II during the 3rd quarter valued at about $143,000. 34.19% of the stock is owned by hedge funds and other institutional investors.

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.