BlackRock Municipal Income Trust II (NYSE:BLE) Stock Passes Below 50 Day Moving Average – Here’s What Happened

BlackRock Municipal Income Trust II (NYSE:BLE) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.47 and traded as low as $10.36. BlackRock Municipal Income Trust II shares last traded at $10.42, with a volume of 186,950 shares traded.

BlackRock Municipal Income Trust II Stock Performance

The company’s 50-day simple moving average is $10.47 and its 200 day simple moving average is $10.18.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Wednesday, October 15th were given a $0.054 dividend. The ex-dividend date was Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Investors Weigh In On BlackRock Municipal Income Trust II

Institutional investors have recently modified their holdings of the stock. LRI Investments LLC purchased a new position in shares of BlackRock Municipal Income Trust II in the 3rd quarter worth approximately $29,000. Advisory Services Network LLC bought a new stake in BlackRock Municipal Income Trust II in the third quarter worth $35,000. Nomura Holdings Inc. purchased a new position in BlackRock Municipal Income Trust II during the second quarter worth $100,000. Duncker Streett & Co. Inc. bought a new position in BlackRock Municipal Income Trust II during the second quarter valued at $118,000. Finally, Private Advisor Group LLC purchased a new stake in shares of BlackRock Municipal Income Trust II in the third quarter valued at $152,000.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II (NYSE:BLE) is a closed-end, diversified management investment company that seeks to offer shareholders a high level of current income exempt from federal income taxes. The fund pursues this objective by investing primarily in a portfolio of municipal debt obligations. Its holdings span various sectors of the municipal market, including general obligation bonds, revenue bonds, and other tax-exempt instruments issued by U.S. states, cities, counties and municipal authorities.

The fund’s portfolio typically combines investment-grade and below-investment-grade (high-yield) municipal securities, allowing it to balance income potential with credit quality considerations.