BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Stock Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLEGet Rating) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,126 shares of the company’s stock after acquiring an additional 21,546 shares during the period. Van ECK Associates Corp’s holdings in BlackRock Municipal Income Trust II were worth $2,461,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in BlackRock Municipal Income Trust II by 10.1% in the third quarter. Raymond James & Associates now owns 35,562 shares of the company’s stock valued at $356,000 after acquiring an additional 3,267 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in BlackRock Municipal Income Trust II by 13.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,916 shares of the company’s stock worth $269,000 after buying an additional 3,162 shares during the last quarter. First Command Bank acquired a new stake in BlackRock Municipal Income Trust II in the third quarter worth $35,000. PFG Advisors lifted its stake in BlackRock Municipal Income Trust II by 8.9% in the third quarter. PFG Advisors now owns 12,246 shares of the company’s stock valued at $122,000 after buying an additional 1,000 shares during the last quarter. Finally, Creative Planning lifted its stake in BlackRock Municipal Income Trust II by 15.4% in the second quarter. Creative Planning now owns 21,082 shares of the company’s stock valued at $233,000 after buying an additional 2,817 shares during the last quarter.

BlackRock Municipal Income Trust II Trading Down 0.6 %

NYSEAMERICAN:BLE opened at $10.79 on Friday. BlackRock Municipal Income Trust II has a 1 year low of $9.40 and a 1 year high of $14.88.

BlackRock Municipal Income Trust II Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be issued a dividend of $0.037 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $0.44 annualized dividend and a yield of 4.11%.

BlackRock Municipal Income Trust II Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

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