LPL Financial LLC Increases Holdings in BlackRock Municipal Income Trust II (NYSE:BLE)

LPL Financial LLC increased its position in shares of BlackRock Municipal Income Trust II (NYSE:BLE) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,355 shares of the company’s stock after purchasing an additional 35,337 shares during the quarter. LPL Financial LLC’s holdings in BlackRock Municipal Income Trust II were worth $2,862,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake 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 valued at $58,000 after acquiring an additional 4,977 shares during the period. Rareview Capital LLC raised its holdings in shares of BlackRock Municipal Income Trust II by 26.5% during the fourth quarter. Rareview Capital LLC now owns 305,849 shares of the company’s stock worth $3,444,000 after purchasing an additional 64,095 shares during the last quarter. HighTower Advisors LLC lifted its position in BlackRock Municipal Income Trust II by 31.4% during the fourth quarter. HighTower Advisors LLC now owns 53,026 shares of the company’s stock valued at $557,000 after purchasing an additional 12,682 shares during the period. Independent Advisor Alliance purchased a new stake in BlackRock Municipal Income Trust II in the fourth quarter valued at $301,000. Finally, PNC Financial Services Group Inc. boosted its holdings in BlackRock Municipal Income Trust II by 846.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 66,506 shares of the company’s stock valued at $699,000 after purchasing an additional 59,479 shares during the last quarter.

BlackRock Municipal Income Trust II Trading Up 1.8 %

NYSE BLE opened at $9.81 on Friday. The stock has a 50-day simple moving average of $10.52 and a two-hundred day simple moving average of $10.60. BlackRock Municipal Income Trust II has a fifty-two week low of $9.56 and a fifty-two week high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.