Wolverine Asset Management LLC Boosts Stock Holdings in BlackRock Municipal Income Trust II $BLE

Wolverine Asset Management LLC raised its holdings in BlackRock Municipal Income Trust II (NYSE:BLE) by 592.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,707 shares of the company’s stock after acquiring an additional 16,861 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Municipal Income Trust II were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Duncker Streett & Co. Inc. purchased a new position in shares of BlackRock Municipal Income Trust II in the second quarter worth about $118,000. Kovack Advisors Inc. purchased a new position in BlackRock Municipal Income Trust II during the first quarter valued at approximately $140,000. Virtu Financial LLC purchased a new position in BlackRock Municipal Income Trust II during the first quarter valued at approximately $204,000. Balefire LLC grew its stake in BlackRock Municipal Income Trust II by 36.8% during the second quarter. Balefire LLC now owns 23,106 shares of the company’s stock valued at $232,000 after acquiring an additional 6,220 shares in the last quarter. Finally, Arlington Capital Management Inc. grew its stake in BlackRock Municipal Income Trust II by 11.6% during the first quarter. Arlington Capital Management Inc. now owns 24,866 shares of the company’s stock valued at $258,000 after acquiring an additional 2,584 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Down 0.6%

Shares of NYSE:BLE opened at $10.54 on Tuesday. The company has a 50 day moving average of $10.35 and a 200 day moving average of $10.07. BlackRock Municipal Income Trust II has a 12 month low of $9.56 and a 12 month high of $11.12.

BlackRock Municipal Income Trust II Dividend Announcement

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

BlackRock Municipal Income Trust II Company 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.