BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE – Get Rating) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,457 shares of the company’s stock after buying an additional 1,141 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BlackRock Municipal Income Trust II were worth $1,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robinson Capital Management LLC acquired a new position in shares of BlackRock Municipal Income Trust II in the first quarter worth $4,295,000. Wakefield Asset Management LLLP acquired a new position in BlackRock Municipal Income Trust II during the fourth quarter worth $1,622,000. Melfa Wealth Management LLC acquired a new position in BlackRock Municipal Income Trust II during the fourth quarter worth $934,000. Rivernorth Capital Management LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the first quarter valued at about $1,037,000. Finally, LPL Financial LLC grew its position in shares of BlackRock Municipal Income Trust II by 102.3% in the second quarter. LPL Financial LLC now owns 144,386 shares of the company’s stock valued at $1,595,000 after purchasing an additional 73,027 shares during the last quarter.

BlackRock Municipal Income Trust II Trading Down 1.0 %

Shares of NYSEAMERICAN:BLE opened at $9.96 on Thursday. BlackRock Municipal Income Trust II has a 52-week low of $9.40 and a 52-week high of $11.97.

BlackRock Municipal Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.034 per share. This represents a $0.41 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, May 12th.

BlackRock Municipal Income Trust II Company Profile

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BlackRock Municipal Income Trust II is a closed-end investment fund/investment trust. Its investment objective is to provide current income exempt from federal income taxes. The company was founded on June 21, 2002 and is headquartered in Wilmington, DE.