Benjamin Edwards Inc. Invests $124,000 in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Benjamin Edwards Inc. acquired a new position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 10,989 shares of the company’s stock, valued at approximately $124,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Paradigm Capital Management LLC NV purchased a new position in BlackRock Municipal Income Trust II during the third quarter worth $113,000. Arbor Trust Wealth Advisors LLC purchased a new stake in BlackRock Municipal Income Trust II during the 2nd quarter worth about $111,000. PFG Investments LLC acquired a new position in BlackRock Municipal Income Trust II in the 2nd quarter valued at about $111,000. Private Advisor Group LLC purchased a new position in BlackRock Municipal Income Trust II in the 3rd quarter valued at about $117,000. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter worth about $167,000.

BlackRock Municipal Income Trust II Price Performance

Shares of NYSEAMERICAN:BLE opened at $11.00 on Wednesday. BlackRock Municipal Income Trust II has a 52 week low of $10.27 and a 52 week high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.89%.

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.