Wolverine Asset Management LLC Has $80,000 Stake in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Wolverine Asset Management LLC reduced its holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,079 shares of the company’s stock after selling 1,466 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock Municipal Income Trust II were worth $80,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in 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 acquiring an additional 945 shares during the last quarter. Integrated Capital Management Inc. lifted its position in shares of BlackRock Municipal Income Trust II by 13.1% during the second quarter. Integrated Capital Management Inc. now owns 18,289 shares of the company’s stock worth $198,000 after purchasing an additional 2,118 shares in the last quarter. Melfa Wealth Management Inc. grew its stake in shares of BlackRock Municipal Income Trust II by 3.5% during the second quarter. Melfa Wealth Management Inc. now owns 91,871 shares of the company’s stock valued at $993,000 after purchasing an additional 3,126 shares during the last quarter. Arbor Trust Wealth Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the second quarter valued at approximately $111,000. Finally, PFG Investments LLC bought a new position in BlackRock Municipal Income Trust II in the 2nd quarter worth approximately $111,000.

BlackRock Municipal Income Trust II Stock Up 0.5 %

Shares of BLE opened at $10.93 on Friday. BlackRock Municipal Income Trust II has a 52 week low of $9.70 and a 52 week high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.93%. The ex-dividend date is Friday, November 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.