U.S. Capital Wealth Advisors LLC Lowers Stock Holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

U.S. Capital Wealth Advisors LLC trimmed its position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 37.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,341 shares of the company’s stock after selling 18,000 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BLE. Avior Wealth Management LLC raised its position in BlackRock Municipal Income Trust II by 15.6% in the 4th quarter. Avior Wealth Management LLC now owns 20,077 shares of the company’s stock valued at $211,000 after purchasing an additional 2,706 shares in the last quarter. Park Avenue Securities LLC raised its position in BlackRock Municipal Income Trust II by 5.1% in the 4th quarter. Park Avenue Securities LLC now owns 99,130 shares of the company’s stock valued at $1,042,000 after purchasing an additional 4,807 shares in the last quarter. HighTower Advisors LLC raised its position in BlackRock Municipal Income Trust II by 20.3% in the 3rd quarter. HighTower Advisors LLC now owns 40,344 shares of the company’s stock valued at $459,000 after purchasing an additional 6,812 shares in the last quarter. Paradigm Capital Management LLC NV acquired a new stake in BlackRock Municipal Income Trust II in the 3rd quarter valued at about $113,000. Finally, Private Advisor Group LLC acquired a new stake in BlackRock Municipal Income Trust II in the 3rd quarter valued at about $117,000.

BlackRock Municipal Income Trust II Stock Performance

Shares of NYSEAMERICAN BLE opened at $10.82 on Friday. BlackRock Municipal Income Trust II has a fifty-two week low of $10.30 and a fifty-two week high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, February 14th.

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.