1607 Capital Partners LLC Purchases Shares of 212,930 BlackRock Municipal Income Trust II (NYSE:BLE)

1607 Capital Partners LLC acquired a new stake in BlackRock Municipal Income Trust II (NYSE:BLE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 212,930 shares of the company’s stock, valued at approximately $2,238,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BLE. Signaturefd LLC lifted its holdings in BlackRock Municipal Income Trust II by 995.4% during the 4th quarter. Signaturefd LLC now owns 5,477 shares of the company’s stock worth $58,000 after purchasing an additional 4,977 shares during the last quarter. Noble Wealth Management PBC bought a new stake in BlackRock Municipal Income Trust II during the fourth quarter worth about $89,000. Sagespring Wealth Partners LLC bought a new stake in shares of BlackRock Municipal Income Trust II during the 4th quarter worth approximately $108,000. Simon Quick Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the 4th quarter valued at $112,000. Finally, World Investment Advisors acquired a new position in shares of BlackRock Municipal Income Trust II during the 4th quarter worth $120,000.

BlackRock Municipal Income Trust II Stock Up 0.5 %

NYSE:BLE opened at $9.90 on Wednesday. BlackRock Municipal Income Trust II has a twelve month low of $9.56 and a twelve month high of $11.41. The stock’s 50-day simple moving average is $10.49 and its 200 day simple moving average is $10.59.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.054 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.55%.

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.