BlackRock Municipal Income Trust II (NYSE:BLE) Shares Bought by Arlington Capital Management Inc.

Arlington Capital Management Inc. lifted its stake in BlackRock Municipal Income Trust II (NYSE:BLE) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,282 shares of the company’s stock after acquiring an additional 3,153 shares during the quarter. Arlington Capital Management Inc.’s holdings in BlackRock Municipal Income Trust II were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wakefield Asset Management LLLP grew its position in shares of BlackRock Municipal Income Trust II by 0.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 170,026 shares of the company’s stock worth $1,787,000 after acquiring an additional 973 shares during the last quarter. Catalina Capital Group LLC lifted its position in BlackRock Municipal Income Trust II by 7.3% in the fourth quarter. Catalina Capital Group LLC now owns 25,638 shares of the company’s stock valued at $269,000 after purchasing an additional 1,744 shares during the period. Avior Wealth Management LLC boosted its holdings in BlackRock Municipal Income Trust II by 15.6% in the 4th quarter. Avior Wealth Management LLC now owns 20,077 shares of the company’s stock valued at $211,000 after purchasing an additional 2,706 shares in the last quarter. Leo Wealth LLC boosted its stake in shares of BlackRock Municipal Income Trust II by 1.9% in the fourth quarter. Leo Wealth LLC now owns 202,313 shares of the company’s stock valued at $2,126,000 after buying an additional 3,736 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in BlackRock Municipal Income Trust II by 5.1% during the fourth quarter. Park Avenue Securities LLC now owns 99,130 shares of the company’s stock worth $1,042,000 after acquiring an additional 4,807 shares during the period.

BlackRock Municipal Income Trust II Stock Performance

Shares of NYSE BLE opened at $10.55 on Wednesday. BlackRock Municipal Income Trust II has a one year low of $10.30 and a one year high of $11.41. The stock’s fifty day moving average is $10.63.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.054 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 6.14%.

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.