Raymond James Financial Inc. Takes Position in BlackRock Municipal Income Trust II (NYSE:BLE)

Raymond James Financial Inc. purchased a new stake in BlackRock Municipal Income Trust II (NYSE:BLE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 179,735 shares of the company’s stock, valued at approximately $1,889,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of BlackRock Municipal Income Trust II by 995.4% in the 4th quarter. Signaturefd LLC now owns 5,477 shares of the company’s stock valued at $58,000 after purchasing an additional 4,977 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of BlackRock Municipal Income Trust II during the 4th quarter valued at $89,000. Simon Quick Advisors LLC bought a new position in shares of BlackRock Municipal Income Trust II during the 4th quarter valued at about $112,000. World Investment Advisors bought a new position in shares of BlackRock Municipal Income Trust II in the fourth quarter valued at $120,000. Finally, Landscape Capital Management L.L.C. boosted its position in shares of BlackRock Municipal Income Trust II by 95.8% in the 4th quarter. Landscape Capital Management L.L.C. now owns 19,598 shares of the company’s stock valued at $206,000 after purchasing an additional 9,591 shares during the period.

BlackRock Municipal Income Trust II Stock Performance

Shares of NYSE:BLE opened at $10.10 on Friday. BlackRock Municipal Income Trust II has a 52 week low of $9.56 and a 52 week high of $11.41. The firm has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $10.54.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, April 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.