BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lessened its stake in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,268 shares of the company’s stock after selling 1,413 shares during the period. Mutual Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in BlackRock Municipal Income Trust II during the 1st quarter valued at about $159,000. Alpine Global Management LLC purchased a new stake in BlackRock Municipal Income Trust II during the 1st quarter valued at about $163,000. Wakefield Asset Management LLLP grew its stake in BlackRock Municipal Income Trust II by 3.5% during the 1st quarter. Wakefield Asset Management LLLP now owns 168,664 shares of the company’s stock valued at $1,832,000 after acquiring an additional 5,706 shares in the last quarter. Van ECK Associates Corp grew its stake in BlackRock Municipal Income Trust II by 4.3% during the 1st quarter. Van ECK Associates Corp now owns 370,963 shares of the company’s stock valued at $4,029,000 after acquiring an additional 15,148 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in BlackRock Municipal Income Trust II by 41.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 61,802 shares of the company’s stock valued at $671,000 after acquiring an additional 18,034 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Performance

BlackRock Municipal Income Trust II stock opened at $10.84 on Friday. BlackRock Municipal Income Trust II has a 1-year low of $8.89 and a 1-year high of $11.41.

BlackRock Municipal Income Trust II Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.054 dividend. This is a boost from BlackRock Municipal Income Trust II’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.98%.

About BlackRock Municipal Income Trust II

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.