Park Avenue Securities LLC Has $1.04 Million Position in 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% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,130 shares of the company’s stock after acquiring 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 reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake 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 worth $513,000 after buying an additional 945 shares during the last quarter. Avior Wealth Management LLC lifted its stake 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 worth $196,000 after buying an additional 2,729 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of BlackRock Municipal Income Trust II by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 40,344 shares of the company’s stock worth $459,000 after buying an additional 6,812 shares during the last quarter. Paradigm Capital Management LLC NV acquired a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter worth about $113,000. Finally, Private Advisor Group LLC acquired a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter worth about $117,000.

BlackRock Municipal Income Trust II Price Performance

NYSEAMERICAN BLE opened at $10.58 on Tuesday. BlackRock Municipal Income Trust II has a 52-week low of $10.27 and a 52-week high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

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