Park Avenue Securities LLC Purchases 4,807 Shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Park Avenue Securities LLC raised its position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,130 shares of the company’s stock after buying an additional 4,807 shares during the quarter. Park Avenue Securities LLC’s holdings in BlackRock Municipal Income Trust II were worth $1,042,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in BlackRock Municipal Income Trust II by 20.3% in the 3rd quarter. HighTower Advisors LLC now owns 40,344 shares of the company’s stock valued at $459,000 after buying an additional 6,812 shares during the period. Private Advisor Group LLC bought a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at approximately $117,000. Bank of New York Mellon Corp grew its holdings in shares of BlackRock Municipal Income Trust II by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,444 shares of the company’s stock valued at $513,000 after purchasing an additional 945 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at approximately $124,000. Finally, Avior Wealth Management LLC grew its holdings in shares of BlackRock Municipal Income Trust II by 18.6% during the 3rd quarter. Avior Wealth Management LLC now owns 17,371 shares of the company’s stock valued at $196,000 after purchasing an additional 2,729 shares during the last quarter.

BlackRock Municipal Income Trust II Stock Performance

Shares of BlackRock Municipal Income Trust II stock opened at $10.58 on Tuesday. BlackRock Municipal Income Trust II has a 1 year low of $10.27 and a 1 year high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II 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 primarily invests long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.