Noble Wealth Management PBC Takes $89,000 Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Noble Wealth Management PBC bought a new position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,492 shares of the company’s stock, valued at approximately $89,000.

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

BlackRock Municipal Income Trust II Trading Up 0.7 %

Shares of NYSEAMERICAN BLE opened at $10.82 on Friday. BlackRock Municipal Income Trust II has a 1-year low of $10.30 and a 1-year high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Friday, February 14th.

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.