Cohen & Steers Inc. increased its holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 414.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,424 shares of the company’s stock after purchasing an additional 30,143 shares during the period. Cohen & Steers Inc.’s holdings in BlackRock Municipal Income Trust II were worth $483,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in BlackRock Municipal Income Trust II by 2,613.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,087 shares of the company’s stock worth $106,000 after acquiring an additional 7,789 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in BlackRock Municipal Income Trust II during the 4th quarter worth $131,000. Capital Investment Advisors LLC acquired a new position in BlackRock Municipal Income Trust II during the 4th quarter worth $132,000. SG Americas Securities LLC acquired a new position in BlackRock Municipal Income Trust II during the 3rd quarter worth $157,000. Finally, Belpointe Asset Management LLC acquired a new position in BlackRock Municipal Income Trust II during the 3rd quarter worth $159,000.

BlackRock Municipal Income Trust II stock opened at $14.15 on Friday. BlackRock Municipal Income Trust II has a fifty-two week low of $12.34 and a fifty-two week high of $14.55.

The company also recently announced a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, March 14th.

In other news, insider Theodore R. Jaeckel, Jr. bought 2,446 shares of the business’s stock in a transaction on Monday, December 17th. The stock was purchased at an average price of $12.76 per share, with a total value of $31,210.96. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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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 (NYSEAMERICAN:BLE)

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