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

BlackRock MuniVest Fund II, Inc. (NYSE:MVT) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.28 and traded as low as $10.97. BlackRock MuniVest Fund II shares last traded at $11.06, with a volume of 74,087 shares.

BlackRock MuniVest Fund II Stock Up 0.5 %

The stock’s 50 day moving average price is $11.27 and its 200-day moving average price is $11.02.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, November 15th.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC grew its holdings in BlackRock MuniVest Fund II by 20.8% in the 3rd quarter. Pathstone Holdings LLC now owns 520,807 shares of the financial services provider’s stock worth $5,932,000 after acquiring an additional 89,537 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of 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 purchasing an additional 62,895 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in BlackRock MuniVest Fund II by 41.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 22,500 shares during the period. Kimelman & Baird LLC purchased a new position in BlackRock MuniVest Fund II during the 2nd quarter valued at about $146,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in BlackRock MuniVest Fund II during the 1st quarter valued at approximately $123,000. 34.19% of the stock is currently owned by institutional investors.

BlackRock MuniVest Fund II Company 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.