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

Horizon Kinetics Asset Management LLC purchased a new position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,796 shares of the company’s stock, valued at approximately $167,000.

A number of other large investors also recently added to or reduced their stakes in the company. Arbor Trust Wealth Advisors LLC purchased a new position in BlackRock Municipal Income Trust II in the second quarter valued at $111,000. PFG Investments LLC purchased a new position in BlackRock Municipal Income Trust II in the second quarter valued at $111,000. Private Advisor Group LLC purchased a new position in BlackRock Municipal Income Trust II in the third quarter valued at $117,000. B. Riley Wealth Advisors Inc. purchased a new position in BlackRock Municipal Income Trust II in the first quarter valued at $159,000. Finally, Avior Wealth Management LLC increased its holdings in BlackRock Municipal Income Trust II by 18.6% in the third quarter. Avior Wealth Management LLC now owns 17,371 shares of the company’s stock valued at $196,000 after buying an additional 2,729 shares during the last quarter.

BlackRock Municipal Income Trust II Stock Performance

Shares of BLE stock opened at $10.89 on Wednesday. BlackRock Municipal Income Trust II has a 1 year low of $10.04 and a 1 year high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, November 15th.

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.