BlackRock Municipal Income Trust II (NYSE:BLE) Shares Bought by Rareview Capital LLC

Rareview Capital LLC boosted its holdings in shares of BlackRock Municipal Income Trust II (NYSE:BLE) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 305,849 shares of the company’s stock after acquiring an additional 64,095 shares during the quarter. BlackRock Municipal Income Trust II comprises 2.6% of Rareview Capital LLC’s holdings, making the stock its 14th largest holding. Rareview Capital LLC’s holdings in BlackRock Municipal Income Trust II were worth $3,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new stake in BlackRock Municipal Income Trust II during the fourth quarter worth $89,000. Paradigm Capital Management LLC NV acquired a new stake in BlackRock Municipal Income Trust II during the third quarter worth $113,000. Simon Quick Advisors LLC purchased a new position in shares of BlackRock Municipal Income Trust II during the fourth quarter worth $112,000. Benjamin Edwards Inc. purchased a new position in shares of BlackRock Municipal Income Trust II during the third quarter worth $124,000. Finally, Horizon Kinetics Asset Management LLC purchased a new position in shares of BlackRock Municipal Income Trust II during the third quarter worth $167,000.

BlackRock Municipal Income Trust II Stock Down 0.7 %

BLE opened at $10.39 on Friday. BlackRock Municipal Income Trust II has a 52 week low of $10.30 and a 52 week high of $11.41. The stock’s fifty day moving average price is $10.62.

BlackRock Municipal Income Trust II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.054 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.24%.

About BlackRock Municipal Income Trust II

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.