BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 20.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 40,344 shares of the company’s stock after purchasing an additional 6,812 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in BlackRock Municipal Income Trust II in the 3rd quarter worth approximately $117,000. Bank of New York Mellon Corp grew its position in BlackRock Municipal Income Trust II by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 47,444 shares of the company’s stock valued at $513,000 after acquiring an additional 945 shares during the period. Rothschild Investment LLC acquired a new stake in BlackRock Municipal Income Trust II during the second quarter worth about $827,000. Benjamin Edwards Inc. purchased a new position in shares of BlackRock Municipal Income Trust II in the 3rd quarter worth about $124,000. Finally, PFG Investments LLC acquired a new position in shares of BlackRock Municipal Income Trust II in the 2nd quarter valued at about $111,000.

BlackRock Municipal Income Trust II Price Performance

Shares of BLE stock opened at $10.48 on Friday. BlackRock Municipal Income Trust II has a fifty-two week low of $10.27 and a fifty-two week high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.65 annualized dividend and a yield of 6.18%.

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.