November 16, 2016 - By Linda Rogers · 0 Comments
Blackrock Munivest Fund II Inc (NYSE:MVT) institutional sentiment decreased to 0.89 in 2016 Q2. Its down -0.97, from 1.86 in 2016Q1. The ratio has dropped, as 8 funds increased and started new equity positions, while 9 sold and reduced equity positions in Blackrock Munivest Fund II Inc. The funds in our partner’s database now possess: 933,814 shares, up from 879,234 shares in 2016Q1. Also, the number of funds holding Blackrock Munivest Fund II Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 8 New Position: 0.
BlackRock MuniVest Fund II, Inc. is a non-diversified closed-end management investment company. The company has a market cap of $330.84 million. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes .
About 33,331 shares traded hands. Blackrock Munivest Fund II Inc. (NYSE:MVT) has declined 11.60% since April 14, 2016 and is downtrending. It has underperformed by 16.29% the S&P500.
National Planning Corp holds 0.37% of its portfolio in Blackrock Munivest Fund II Inc. for 264,693 shares. Fiduciary Financial Services Of The Southwest Inc Tx owns 56,200 shares or 0.33% of their US portfolio. Moreover, Investment Centers Of America Inc has 0.05% invested in the company for 15,624 shares. The Nebraska-based Nelson Van Denburg & Campbell Wealth Management Group Llc has invested 0.04% in the stock. Stratos Wealth Partners Ltd., a Ohio-based fund reported 19,000 shares.#img1#
BlackRock MuniVest Fund II, Inc. (the Fund) is a non-diversified, closed-end management investment company. It seeks to provide shareholders with a high level of current income exempt from federal income taxes. The Fund invests primarily in a portfolio of long-term, investment grade municipal obligations, the interest on which is exempt from federal income taxes.
More news for Blackrock Munivest Fund II Inc. (NYSE:MVT) were recently published by: Streetinsider.com, which released: “Form NSAR-B BLACKROCK MUNIVEST FUND, For: Aug 31” on October 28, 2016. Businesswire.com‘s article titled: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” and published on May 05, 2014 is yet another important article.
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By Linda Rogers