BlackRock MuniVest Fund II, Inc. (NYSE:MVT) Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its stake in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 23.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,513 shares of the financial services provider’s stock after acquiring an additional 58,782 shares during the period. Sit Investment Associates Inc. owned approximately 1.47% of BlackRock MuniVest Fund II worth $3,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MVT. Rockefeller Capital Management L.P. increased its holdings in BlackRock MuniVest Fund II by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,207 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 1,182 shares during the period. Avior Wealth Management LLC increased its stake in shares of BlackRock MuniVest Fund II by 15.9% during the fourth quarter. Avior Wealth Management LLC now owns 12,959 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,775 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of BlackRock MuniVest Fund II by 2.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 77,100 shares of the financial services provider’s stock worth $813,000 after buying an additional 2,000 shares during the period. HighTower Advisors LLC raised its holdings in BlackRock MuniVest Fund II by 8.4% in the third quarter. HighTower Advisors LLC now owns 27,450 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 2,123 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its stake in BlackRock MuniVest Fund II by 13.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 22,600 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 2,600 shares during the last quarter. 34.19% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Price Performance

Shares of NYSE:MVT opened at $10.48 on Monday. BlackRock MuniVest Fund II, Inc. has a 52 week low of $10.33 and a 52 week high of $11.97. The company’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.90.

BlackRock MuniVest Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.