BlackRock MuniVest Fund II (NYSE:MVT) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

BlackRock MuniVest Fund II, Inc. (NYSE:MVT)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.72 and traded as high as $10.85. BlackRock MuniVest Fund II shares last traded at $10.81, with a volume of 27,383 shares trading hands.

BlackRock MuniVest Fund II Price Performance

The business’s 50-day simple moving average is $10.72 and its 200-day simple moving average is $10.36.

BlackRock MuniVest Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Hedge Funds Weigh In On BlackRock MuniVest Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniVest Fund II during the 2nd quarter valued at $103,000. Jane Street Group LLC acquired a new stake in shares of BlackRock MuniVest Fund II in the second quarter worth about $118,000. Landscape Capital Management L.L.C. boosted 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 acquiring an additional 1,360 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of BlackRock MuniVest Fund II during the 3rd quarter valued at about $143,000. Finally, Moors & Cabot Inc. raised its stake in shares of BlackRock MuniVest Fund II by 5.7% in the 2nd quarter. Moors & Cabot Inc. now owns 18,500 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 34.19% of the company’s stock.

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.