Element Wealth LLC Sells 9,465 Shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Element Wealth LLC lowered its position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,504 shares of the company’s stock after selling 9,465 shares during the period. Element Wealth LLC’s holdings in BlackRock Municipal Income Trust II were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC purchased a new position in shares of BlackRock Municipal Income Trust II in the fourth quarter worth about $112,000. Paradigm Capital Management LLC NV purchased a new position in shares of BlackRock Municipal Income Trust II in the third quarter worth about $113,000. Private Advisor Group LLC purchased a new position in shares of BlackRock Municipal Income Trust II in the third quarter worth about $117,000. Benjamin Edwards Inc. purchased a new position in shares of BlackRock Municipal Income Trust II in the third quarter worth about $124,000. Finally, Horizon Kinetics Asset Management LLC purchased a new position in shares of BlackRock Municipal Income Trust II in the third quarter worth about $167,000.

BlackRock Municipal Income Trust II Trading Up 0.2 %

BLE opened at $10.75 on Friday. BlackRock Municipal Income Trust II has a 12 month low of $10.30 and a 12 month high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a yield of 6.03%.

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.