Robinson Capital Management LLC Sells 182,214 Shares of Blackrock Munivest Fund II Inc. (MVT)

Robinson Capital Management LLC reduced its position in Blackrock Munivest Fund II Inc. (NYSE:MVT) by 76.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,810 shares of the financial services provider’s stock after selling 182,214 shares during the quarter. Robinson Capital Management LLC owned about 0.26% of Blackrock Munivest Fund II worth $729,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in shares of Blackrock Munivest Fund II by 32.0% in the second quarter. SG Americas Securities LLC now owns 26,146 shares of the financial services provider’s stock worth $366,000 after buying an additional 6,335 shares during the period. Van ECK Associates Corp lifted its stake in Blackrock Munivest Fund II by 58.6% during the 2nd quarter. Van ECK Associates Corp now owns 51,891 shares of the financial services provider’s stock valued at $727,000 after acquiring an additional 19,164 shares during the period. Bank of America Corp DE lifted its stake in Blackrock Munivest Fund II by 47.7% during the 2nd quarter. Bank of America Corp DE now owns 296,859 shares of the financial services provider’s stock valued at $4,159,000 after acquiring an additional 95,891 shares during the period. Financial & Investment Management Group Ltd. purchased a new stake in shares of Blackrock Munivest Fund II during the 3rd quarter valued at about $221,000. Finally, Wells Fargo & Company MN increased its position in shares of Blackrock Munivest Fund II by 73.4% during the 3rd quarter. Wells Fargo & Company MN now owns 30,379 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 12,858 shares during the last quarter. Institutional investors and hedge funds own 7.78% of the company’s stock.

Shares of MVT opened at $14.03 on Friday. Blackrock Munivest Fund II Inc. has a 1 year low of $12.75 and a 1 year high of $15.85.

The firm also recently announced a monthly dividend, which will be paid on Friday, February 1st. Shareholders of record on Tuesday, January 15th will be paid a $0.0635 dividend. The ex-dividend date is Monday, January 14th. This represents a $0.76 dividend on an annualized basis and a yield of 5.43%.

In other Blackrock Munivest Fund II news, insider Theodore R. Jaeckel, Jr. sold 2,329 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $13.21, for a total value of $30,766.09. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

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About Blackrock Munivest Fund II

There is no company description available for BlackRock MuniVest Fund II.

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Want to see what other hedge funds are holding MVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Munivest Fund II Inc. (NYSE:MVT).

Institutional Ownership by Quarter for Blackrock Munivest Fund II (NYSE:MVT)

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