Bank of New York Mellon Corp Buys 945 Shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Bank of New York Mellon Corp raised its holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,444 shares of the company’s stock after buying an additional 945 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock Municipal Income Trust II were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLE. Robinson Capital Management LLC boosted its holdings in BlackRock Municipal Income Trust II by 11.7% in the 1st quarter. Robinson Capital Management LLC now owns 921,841 shares of the company’s stock valued at $9,606,000 after purchasing an additional 96,486 shares during the period. Van ECK Associates Corp lifted its holdings in shares of BlackRock Municipal Income Trust II by 4.3% during the 1st quarter. Van ECK Associates Corp now owns 370,963 shares of the company’s stock worth $4,029,000 after acquiring an additional 15,148 shares during the period. Wakefield Asset Management LLLP increased its position in BlackRock Municipal Income Trust II by 3.5% during the 1st quarter. Wakefield Asset Management LLLP now owns 168,664 shares of the company’s stock worth $1,832,000 after purchasing an additional 5,706 shares in the last quarter. Leo Wealth LLC increased its position in BlackRock Municipal Income Trust II by 9.8% during the 1st quarter. Leo Wealth LLC now owns 159,346 shares of the company’s stock worth $1,727,000 after purchasing an additional 14,239 shares in the last quarter. Finally, Ackerman Capital Advisors LLC increased its position in BlackRock Municipal Income Trust II by 18.1% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 124,591 shares of the company’s stock valued at $1,347,000 after acquiring an additional 19,108 shares during the period.

BlackRock Municipal Income Trust II Trading Up 0.1 %

BLE opened at $11.28 on Wednesday. BlackRock Municipal Income Trust II has a twelve month low of $8.77 and a twelve month high of $11.41.

BlackRock Municipal Income Trust II Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.054 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock Municipal Income Trust II’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a yield of 5.74%.

About BlackRock Municipal Income Trust II

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.