Concurrent Investment Advisors LLC Acquires 2,000 Shares of BlackRock MuniVest Fund II, Inc. $MVT

Concurrent Investment Advisors LLC raised its stake in shares of BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,100 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in BlackRock MuniVest Fund II were worth $858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Landscape Capital Management L.L.C. lifted its stake in shares of 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 worth $134,000 after purchasing an additional 1,360 shares during the last quarter. Avior Wealth Management LLC raised its holdings in BlackRock MuniVest Fund II by 8.5% in the first quarter. Avior Wealth Management LLC now owns 14,056 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,097 shares in the last quarter. Plancorp LLC purchased a new stake in shares of BlackRock MuniVest Fund II during the first quarter valued at about $211,000. Dakota Wealth Management boosted its holdings in shares of BlackRock MuniVest Fund II by 108.3% in the 1st quarter. Dakota Wealth Management now owns 25,000 shares of the financial services provider’s stock valued at $264,000 after buying an additional 13,000 shares in the last quarter. Finally, Kovack Advisors Inc. grew its position in shares of BlackRock MuniVest Fund II by 17.6% in the 1st quarter. Kovack Advisors Inc. now owns 29,162 shares of the financial services provider’s stock worth $308,000 after buying an additional 4,366 shares during the last quarter. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Trading Up 0.5%

NYSE MVT opened at $10.85 on Friday. BlackRock MuniVest Fund II, Inc. has a 52 week low of $9.71 and a 52 week high of $11.36. The company has a 50 day moving average price of $10.52 and a 200 day moving average price of $10.28.

BlackRock MuniVest Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

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.