Sagespring Wealth Partners LLC Buys Shares of 10,320 BlackRock Municipal Income Trust II (NYSE:BLE)

Sagespring Wealth Partners LLC purchased a new position in shares of BlackRock Municipal Income Trust II (NYSE:BLE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,320 shares of the company’s stock, valued at approximately $108,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in BlackRock Municipal Income Trust II during the fourth quarter valued at approximately $1,889,000. Invesco Ltd. raised its holdings in shares of BlackRock Municipal Income Trust II by 12.9% during the 4th quarter. Invesco Ltd. now owns 193,965 shares of the company’s stock worth $2,039,000 after buying an additional 22,115 shares in the last quarter. Bank of Montreal Can boosted its stake in BlackRock Municipal Income Trust II by 5.0% in the fourth quarter. Bank of Montreal Can now owns 21,149 shares of the company’s stock valued at $222,000 after buying an additional 1,006 shares in the last quarter. Envestnet Asset Management Inc. grew its position in BlackRock Municipal Income Trust II by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 109,137 shares of the company’s stock valued at $1,147,000 after acquiring an additional 3,991 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its stake in BlackRock Municipal Income Trust II by 41.1% during the fourth quarter. Sit Investment Associates Inc. now owns 303,112 shares of the company’s stock worth $3,186,000 after acquiring an additional 88,364 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Performance

BLE opened at $9.83 on Friday. The company’s 50 day moving average is $10.45 and its 200-day moving average is $10.58. BlackRock Municipal Income Trust II has a 1-year low of $9.56 and a 1-year high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.054 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a yield of 6.59%.

BlackRock Municipal Income Trust II 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.