Marquette Asset Management LLC Acquires New Stake in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Marquette Asset Management LLC acquired a new stake in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLEGet Rating) during the second quarter, according to its most recent filing with the SEC. The firm acquired 7,143 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robinson Capital Management LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the 1st quarter worth $4,295,000. Fiera Capital Corp boosted its position in shares of BlackRock Municipal Income Trust II by 182.1% during the 1st quarter. Fiera Capital Corp now owns 285,299 shares of the company’s stock worth $3,515,000 after purchasing an additional 184,174 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of BlackRock Municipal Income Trust II during the 1st quarter worth $1,380,000. Park Avenue Securities LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the 1st quarter worth $1,330,000. Finally, Guggenheim Capital LLC boosted its position in shares of BlackRock Municipal Income Trust II by 18.3% during the 4th quarter. Guggenheim Capital LLC now owns 599,786 shares of the company’s stock worth $9,081,000 after purchasing an additional 92,654 shares in the last quarter.

BlackRock Municipal Income Trust II Trading Down 1.5 %

Shares of BlackRock Municipal Income Trust II stock traded down $0.15 on Friday, hitting $10.12. The company’s stock had a trading volume of 150,121 shares, compared to its average volume of 147,527. BlackRock Municipal Income Trust II has a 52-week low of $10.10 and a 52-week high of $15.85.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be paid a $0.052 dividend. This represents a $0.62 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Wednesday, September 14th.

BlackRock Municipal Income Trust II Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

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