Merrill Lynch, Pierce, Fenner & S has recently announced that it has increased stake in BlackRock Municipal Income Trust II (NYSE:BLE) by 5.59%. After grabbing 0.31 million shares, the institutional investor is now in possession of 16455.0 shares of the Financial Company. The new investment brought the stake of investor firm to 0.64% having worth around $3.21 million. Moreover, Morgan Stanley Smith Barney LLC increased its share by 8745.0 to have a control over 0.3 million shares. And Van Eck Associates Corp. raised its holdings to 21546.0 shares by acquiring 0.25 million shares or 0.51% of the stake.
BlackRock Municipal Income Trust II (BLE) concluded trading on 01/18/23 at a closing price of $10.94, with 0.2 million shares of worth about $2.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.08% during that period and on Wednesday the price saw a gain of about 1.11%. Currently the company’s common shares owned by public are about 48.86M shares, out of which, 48.85M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
VanEck CEF Muni Income ETF, AQR Diversified Arbitrage Fund, and Guggenheim Multi Hedge Strategies are the top 3 mutual funds which are holding stakes in BlackRock Municipal Income Trust II VanEck CEF Muni Income ETF is currently holding 0.27 million shares of worth totaling $2.8 million. The company recently came buying 865.0 shares which brought its stake up to 0.56% of the company’s outstanding shares. AQR Diversified Arbitrage Fund bought 7802.0 shares, after which its hold over company’s outstanding shares expand to 0.15%, leaving 74829.0 shares with the mutual fund that have a worth of about $0.77 million. Guggenheim Multi Hedge Strategies, after selling 2512.0 shares, have now control over 0.01% of the stake in the company. It holds 283.0 shares of worth $25949.0.
However, the stock later moved at a day high price of 10.97, or with a gain of 1.11%. Stock saw a price change of 2.72% in past 5 days and over the past one month there was a price change of 3.99%. Year-to-date (YTD), BLE shares are showing a performance of 5.91% which decreased to -26.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.40 but also hit the highest price of $14.81 during that period. The average intraday trading volume for BlackRock Municipal Income Trust II shares is 201.00K. The stock is currently trading 4.00% above its 20-day simple moving average (SMA20), while that difference is up 5.44% for SMA50 and it goes to 0.53% higher than SMA200.
Merrill Lynch, Pierce, Fenner & S acquired 0.31 million shares of BlackRock Municipal Income Trust II having value of about $3.21 million. Data submitted at the U.S SEC by Merrill Lynch, Pierce, Fenner & S revealed that the firm now holds 16455.0 shares in the company valued at close to $180017.7, or have control over 5.59% stake in the company. BlackRock Municipal Income Trust II (NYSE: BLE) currently have 48.86M outstanding shares and institutions hold larger chunk of about 14.76% of that. Holding of mutual funds in the company is about 0.72% while other institutional holders and individual stake holders have control over 12.73% and 0.12% of the stake respectively.
The stock has a current market capitalization of $534.49M. PE ratio of stock for trailing 12 months is 1094.00, while it has posted earnings per share of $0.01 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLE, volatility over the week remained 1.03% while standing at 1.07% over the month.
Analysts are in expectations that BlackRock Municipal Income Trust II (BLE) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.
