Simon Quick Advisors LLC Takes $112,000 Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Simon Quick Advisors LLC acquired a new position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,621 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLE. Paradigm Capital Management LLC NV acquired a new stake in shares of BlackRock Municipal Income Trust II during the third quarter worth about $113,000. Private Advisor Group LLC acquired a new stake in BlackRock Municipal Income Trust II during the 3rd quarter worth approximately $117,000. Benjamin Edwards Inc. acquired a new stake in BlackRock Municipal Income Trust II during the 3rd quarter worth approximately $124,000. Horizon Kinetics Asset Management LLC acquired a new position in shares of BlackRock Municipal Income Trust II in the third quarter valued at approximately $167,000. Finally, Avior Wealth Management LLC increased its position in shares of BlackRock Municipal Income Trust II by 18.6% during the third quarter. Avior Wealth Management LLC now owns 17,371 shares of the company’s stock worth $196,000 after acquiring an additional 2,729 shares in the last quarter.

BlackRock Municipal Income Trust II Price Performance

Shares of NYSEAMERICAN:BLE opened at $10.67 on Friday. BlackRock Municipal Income Trust II has a 12 month low of $10.30 and a 12 month high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.07%.

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.