Ackerman Capital Advisors LLC Reduces Holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT)

Ackerman Capital Advisors LLC trimmed its holdings in BlackRock MuniVest Fund II, Inc. (NYSE:MVT) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,955 shares of the financial services provider’s stock after selling 5,544 shares during the quarter. Ackerman Capital Advisors LLC owned approximately 0.62% of BlackRock MuniVest Fund II worth $1,492,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in BlackRock MuniVest Fund II by 4.0% during the second quarter. Van ECK Associates Corp now owns 171,465 shares of the financial services provider’s stock worth $1,895,000 after buying an additional 6,533 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of BlackRock MuniVest Fund II by 1.3% in the second quarter. Concurrent Investment Advisors LLC now owns 78,100 shares of the financial services provider’s stock worth $863,000 after acquiring an additional 1,000 shares during the period. Bank of New York Mellon Corp raised its stake in shares of BlackRock MuniVest Fund II by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,106 shares of the financial services provider’s stock valued at $653,000 after buying an additional 1,279 shares during the last quarter. Kimelman & Baird LLC purchased a new position in BlackRock MuniVest Fund II during the second quarter valued at approximately $146,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in BlackRock MuniVest Fund II during the first quarter worth $123,000. 34.19% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund II Stock Up 0.5 %

NYSE MVT opened at $11.01 on Friday. BlackRock MuniVest Fund II, Inc. has a twelve month low of $8.96 and a twelve month high of $11.97. The stock has a 50-day moving average of $11.33 and a 200 day moving average of $10.99.

BlackRock MuniVest Fund II Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.89%. This is a boost from BlackRock MuniVest Fund II’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th.

About BlackRock MuniVest Fund II

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.