Citadel Advisors LLC purchased a new position in shares of Blackrock Munivest Fund II Inc. (NYSE:MVT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,419 shares of the financial services provider’s stock, valued at approximately $192,000. Citadel Advisors LLC owned approximately 0.06% of Blackrock Munivest Fund II as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Doyle Wealth Management purchased a new position in Blackrock Munivest Fund II during the fourth quarter worth about $161,000. PFG Advisors purchased a new position in Blackrock Munivest Fund II during the fourth quarter worth about $425,000. SeaCrest Wealth Management LLC purchased a new position in Blackrock Munivest Fund II during the fourth quarter worth about $274,000. Finally, Wells Fargo & Company MN raised its holdings in Blackrock Munivest Fund II by 24.2% during the third quarter. Wells Fargo & Company MN now owns 20,127 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 3,920 shares in the last quarter. 4.19% of the stock is owned by hedge funds and other institutional investors.
Blackrock Munivest Fund II stock traded up $0.01 during mid-day trading on Friday, reaching $14.40. The company had a trading volume of 50,933 shares, compared to its average volume of 41,334. Blackrock Munivest Fund II Inc. has a 1 year low of $14.28 and a 1 year high of $16.18.
The business also recently announced a monthly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 16th will be issued a $0.0635 dividend. The ex-dividend date is Friday, April 13th. This represents a $0.76 dividend on an annualized basis and a yield of 5.29%.
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Blackrock Munivest Fund II Company Profile
BlackRock MuniVest Fund II, Inc is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management.
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