Ackerman Capital Advisors LLC Purchases 21,642 Shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Ackerman Capital Advisors LLC raised its holdings in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 15.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 157,386 shares of the company’s stock after acquiring an additional 21,642 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $1,654,000 as of its most recent filing with the Securities & Exchange Commission.

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 purchased a new stake in shares of BlackRock Municipal Income Trust II during the third quarter worth $113,000. Private Advisor Group LLC bought a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at $117,000. Simon Quick Advisors LLC bought a new stake in shares of BlackRock Municipal Income Trust II during the 4th quarter valued at $112,000. Benjamin Edwards Inc. purchased a new stake in BlackRock Municipal Income Trust II during the 3rd quarter worth about $124,000. Finally, Horizon Kinetics Asset Management LLC bought a new position in BlackRock Municipal Income Trust II in the 3rd quarter worth about $167,000.

BlackRock Municipal Income Trust II Stock Up 0.7 %

BLE stock opened at $10.77 on Wednesday. BlackRock Municipal Income Trust II has a twelve month low of $10.30 and a twelve month high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Friday, February 14th.

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.