BlackRock Municipal Income Trust II (BLE) Holdings Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in shares of BlackRock Municipal Income Trust II (NYSE:BLE) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,111 shares of the company’s stock after purchasing an additional 1,930 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in BlackRock Municipal Income Trust II were worth $460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiduciary Financial Services of The Southwest Inc. TX increased its position in BlackRock Municipal Income Trust II by 48.6% during the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 25,425 shares of the company’s stock worth $388,000 after purchasing an additional 8,310 shares during the period. RFG Advisory Group LLC acquired a new position in BlackRock Municipal Income Trust II during the 2nd quarter worth approximately $275,000. SG Americas Securities LLC acquired a new position in BlackRock Municipal Income Trust II during the 2nd quarter worth approximately $190,000. Finally, First Trust Advisors LP increased its position in BlackRock Municipal Income Trust II by 2.9% during the 2nd quarter. First Trust Advisors LP now owns 48,508 shares of the company’s stock worth $741,000 after purchasing an additional 1,366 shares during the period.

BlackRock Municipal Income Trust II (BLE) opened at 15.501 on Wednesday. The firm’s 50-day moving average price is $15.50 and its 200 day moving average price is $15.17. BlackRock Municipal Income Trust II has a 52-week low of $13.87 and a 52-week high of $16.29.

The firm also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.0735 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.69%.

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BlackRock Municipal Income Trust II Company Profile

BlackRock Municipal Income Trust II is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

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

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