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

LPL Financial LLC increased its stake in BlackRock Municipal Income Trust II (NYSE:BLE) by 17.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,948 shares of the company’s stock after acquiring an additional 46,593 shares during the period. LPL Financial LLC’s holdings in BlackRock Municipal Income Trust II were worth $3,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLE. Kovack Advisors Inc. purchased a new position in BlackRock Municipal Income Trust II during the first quarter valued at approximately $140,000. Bramshill Investments LLC acquired a new position in shares of BlackRock Municipal Income Trust II in the fourth quarter worth about $144,000. Integrated Wealth Concepts LLC raised its position in shares of BlackRock Municipal Income Trust II by 35.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 19,357 shares of the company’s stock worth $203,000 after acquiring an additional 5,069 shares during the period. Integrated Capital Management Inc. raised its position in shares of BlackRock Municipal Income Trust II by 12.1% in the first quarter. Integrated Capital Management Inc. now owns 20,661 shares of the company’s stock worth $215,000 after acquiring an additional 2,234 shares during the period. Finally, Bank of Montreal Can raised its position in shares of BlackRock Municipal Income Trust II by 5.0% during the 4th quarter. Bank of Montreal Can now owns 21,149 shares of the company’s stock worth $222,000 after purchasing an additional 1,006 shares during the last quarter.

BlackRock Municipal Income Trust II Stock Performance

BLE opened at $9.93 on Friday. BlackRock Municipal Income Trust II has a twelve month low of $9.56 and a twelve month high of $11.41. The company has a 50-day moving average price of $9.90 and a 200 day moving average price of $10.18.

BlackRock Municipal Income Trust II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, August 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.