Van ECK Associates Corp Boosts Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Van ECK Associates Corp increased its position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 394,381 shares of the company’s stock after purchasing an additional 46,598 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock Municipal Income Trust II were worth $4,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rivernorth Capital Management LLC grew its holdings in shares of BlackRock Municipal Income Trust II by 1.3% during the third quarter. Rivernorth Capital Management LLC now owns 3,732,893 shares of the company’s stock valued at $42,032,000 after buying an additional 48,807 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of BlackRock Municipal Income Trust II by 20.8% during the 3rd quarter. Pathstone Holdings LLC now owns 974,068 shares of the company’s stock valued at $10,968,000 after acquiring an additional 167,548 shares during the period. Leo Wealth LLC raised its position in shares of BlackRock Municipal Income Trust II by 1.9% during the 4th quarter. Leo Wealth LLC now owns 202,313 shares of the company’s stock valued at $2,126,000 after purchasing an additional 3,736 shares during the period. Ackerman Capital Advisors LLC boosted its stake in shares of BlackRock Municipal Income Trust II by 9.0% in the third quarter. Ackerman Capital Advisors LLC now owns 135,744 shares of the company’s stock worth $1,528,000 after acquiring an additional 11,153 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in BlackRock Municipal Income Trust II by 5.1% in the 4th quarter. Park Avenue Securities LLC now owns 99,130 shares of the company’s stock valued at $1,042,000 after acquiring an additional 4,807 shares during the last quarter.

BlackRock Municipal Income Trust II Price Performance

BlackRock Municipal Income Trust II stock opened at $10.78 on Thursday. BlackRock Municipal Income Trust II has a twelve month low of $10.30 and a twelve month high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Friday, February 14th.

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.