BlackRock MuniVest Fund II (NYSE:MVT) Share Price Crosses Below 50-Day Moving Average of $9.59

BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Free Report)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.59 and traded as low as $9.49. BlackRock MuniVest Fund II shares last traded at $9.55, with a volume of 71,241 shares trading hands.

BlackRock MuniVest Fund II Stock Performance

The firm has a fifty day moving average price of $9.59 and a 200 day moving average price of $10.15.

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BlackRock MuniVest Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.0315 per share. This represents a $0.38 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Tuesday, November 14th.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

A number of institutional investors have recently modified their holdings of MVT. Avior Wealth Management LLC bought a new position in shares of BlackRock MuniVest Fund II in the third quarter worth about $27,000. B. Riley Wealth Advisors Inc. bought a new position in shares of BlackRock MuniVest Fund II in the third quarter worth about $132,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of BlackRock MuniVest Fund II by 21.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,206 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 2,500 shares during the last quarter. Institute for Wealth Management LLC. bought a new position in shares of BlackRock MuniVest Fund II in the third quarter worth about $180,000. Finally, Susquehanna International Group LLP bought a new position in shares of BlackRock MuniVest Fund II in the first quarter worth about $192,000. 24.31% of the stock is owned by institutional investors.

BlackRock MuniVest Fund II Company Profile

(Get Free Report)

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.

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