Horizon Kinetics Asset Management LLC Acquires New Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Horizon Kinetics Asset Management LLC purchased a new stake in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) in the third quarter, according to its most recent filing with the SEC. The firm purchased 14,796 shares of the company’s stock, valued at approximately $167,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. PFG Investments LLC purchased a new position in shares of BlackRock Municipal Income Trust II during the 2nd quarter worth approximately $111,000. Arbor Trust Wealth Advisors LLC purchased a new position in shares of BlackRock Municipal Income Trust II during the 2nd quarter worth approximately $111,000. Private Advisor Group LLC purchased a new position in shares of BlackRock Municipal Income Trust II during the 3rd quarter worth approximately $117,000. B. Riley Wealth Advisors Inc. purchased a new stake in BlackRock Municipal Income Trust II in the 1st quarter worth approximately $159,000. Finally, Avior Wealth Management LLC grew its stake in BlackRock Municipal Income Trust II by 18.6% in the 3rd quarter. Avior Wealth Management LLC now owns 17,371 shares of the company’s stock worth $196,000 after acquiring an additional 2,729 shares during the period.

BlackRock Municipal Income Trust II Trading Up 0.5 %

BLE stock opened at $10.89 on Wednesday. BlackRock Municipal Income Trust II has a one year low of $10.04 and a one year high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 annualized dividend and a yield of 5.95%.

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.