National Planning Corp buys $4,783,003 stake in Blackrock Munivest Fund II (MVT)

Blackrock Munivest Fund II (MVT) : National Planning Corp scooped up 251,743 additional shares in Blackrock Munivest Fund II during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 264,693 shares of Blackrock Munivest Fund II which is valued at $4,783,003.Blackrock Munivest Fund II makes up approximately 0.37% of National Planning Corp’s portfolio.

Other Hedge Funds, Including , Investment Centers Of America Inc boosted its stake in MVT in the latest quarter, The investment management firm added 1,410 additional shares and now holds a total of 15,624 shares of Blackrock Munivest Fund II which is valued at $282,326. Blackrock Munivest Fund II makes up approx 0.02% of Investment Centers Of America Inc’s portfolio.Msi Financial Services Inc boosted its stake in MVT in the latest quarter, The investment management firm added 2,265 additional shares and now holds a total of 4,404 shares of Blackrock Munivest Fund II which is valued at $78,832.

Blackrock Munivest Fund II closed down -0.19 points or -1.07% at $17.61 with 50,604 shares getting traded on Wednesday. Post opening the session at $17.89, the shares hit an intraday low of $17.61 and an intraday high of $17.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

BlackRock MuniVest Fund II Inc. is a closed-end management investment fund. 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. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Fund invests normally at least 75% of its assets in municipal bonds rated investment grade and invests primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund invests in various sectors such as transportation corporate education and health among others. BlackRock Advisors LLC is the Fund’s investment manager.

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