BlackRock MuniVest Fund II (NYSE:MVT) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

by · The Markets Daily

BlackRock MuniVest Fund II, Inc. (NYSE:MVT – Get Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.73 and traded as low as $10.68. BlackRock MuniVest Fund II shares last traded at $10.7250, with a volume of 60,801 shares traded.

BlackRock MuniVest Fund II Stock Performance

The stock’s 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $10.41.

BlackRock MuniVest Fund II Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $0.054 dividend. The ex-dividend date was Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Investors Weigh In On BlackRock MuniVest Fund II

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of BlackRock MuniVest Fund II in the 3rd quarter valued at about $35,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniVest Fund II during the 2nd quarter worth approximately $103,000. Jane Street Group LLC purchased a new position in BlackRock MuniVest Fund II in the second quarter valued at approximately $118,000. Landscape Capital Management L.L.C. lifted its position in BlackRock MuniVest Fund II by 12.0% during the first quarter. Landscape Capital Management L.L.C. now owns 12,655 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,360 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in BlackRock MuniVest Fund II during the third quarter worth approximately $143,000. 34.19% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund II Company Profile

(Get Free Report)

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.

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