Wolverine Asset Management LLC Purchases 16,861 Shares of BlackRock Municipal Income Trust II $BLE

Wolverine Asset Management LLC lifted its position in shares of BlackRock Municipal Income Trust II (NYSE:BLE) by 592.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,707 shares of the company’s stock after purchasing an additional 16,861 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Municipal Income Trust II were worth $198,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BLE. Mackay Shields LLC lifted its position in shares of BlackRock Municipal Income Trust II by 63.2% during the second quarter. Mackay Shields LLC now owns 577,670 shares of the company’s stock valued at $5,800,000 after purchasing an additional 223,646 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of BlackRock Municipal Income Trust II during the second quarter valued at about $1,171,000. Advisors Asset Management Inc. increased its holdings in BlackRock Municipal Income Trust II by 40.8% during the first quarter. Advisors Asset Management Inc. now owns 195,668 shares of the company’s stock worth $2,033,000 after buying an additional 56,656 shares during the last quarter. Leo Wealth LLC increased its holdings in BlackRock Municipal Income Trust II by 32.9% during the second quarter. Leo Wealth LLC now owns 212,336 shares of the company’s stock worth $2,132,000 after buying an additional 52,580 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in BlackRock Municipal Income Trust II by 17.1% during the first quarter. LPL Financial LLC now owns 318,948 shares of the company’s stock worth $3,314,000 after buying an additional 46,593 shares during the last quarter.

BlackRock Municipal Income Trust II Stock Performance

NYSE BLE opened at $10.54 on Tuesday. BlackRock Municipal Income Trust II has a 52-week low of $9.56 and a 52-week high of $11.12. The company has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $10.07.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Wednesday, October 15th were issued a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Wednesday, October 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.