Fiduciary Financial Services of The Southwest Inc. TX raised its position in shares of BlackRock Municipal Income Trust II (NYSE:BLE) by 48.6% during the second quarter, Holdings Channel reports. The institutional investor owned 25,425 shares of the company’s stock after buying an additional 8,310 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in BlackRock Municipal Income Trust II were worth $388,000 as of its most recent SEC filing.

Separately, First Trust Advisors LP increased its stake in BlackRock Municipal Income Trust II by 2.9% in the second quarter. First Trust Advisors LP now owns 48,508 shares of the company’s stock worth $741,000 after buying an additional 1,366 shares in the last quarter.

Shares of BlackRock Municipal Income Trust II (NYSE BLE) opened at 15.31 on Tuesday. The firm has a 50-day moving average of $15.50 and a 200-day moving average of $15.09. BlackRock Municipal Income Trust II has a 12-month low of $13.87 and a 12-month high of $16.55.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.0735 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.88 annualized dividend and a dividend yield of 5.76%.

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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).

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

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