Modern Wealth Management LLC Cuts Position in BlackRock Municipal Income Trust II (NYSE:BLE)

Modern Wealth Management LLC decreased its holdings in shares of BlackRock Municipal Income Trust II (NYSE:BLE) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,257 shares of the company’s stock after selling 9,414 shares during the period. Modern Wealth Management LLC’s holdings in BlackRock Municipal Income Trust II were worth $499,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of BlackRock Municipal Income Trust II by 14.9% during the fourth quarter. LPL Financial LLC now owns 272,355 shares of the company’s stock valued at $2,862,000 after acquiring an additional 35,337 shares in the last quarter. Signaturefd LLC grew its position in BlackRock Municipal Income Trust II by 995.4% during the 4th quarter. Signaturefd LLC now owns 5,477 shares of the company’s stock valued at $58,000 after purchasing an additional 4,977 shares during the last quarter. Rareview Capital LLC increased its stake in BlackRock Municipal Income Trust II by 26.5% during the 4th quarter. Rareview Capital LLC now owns 305,849 shares of the company’s stock valued at $3,444,000 after purchasing an additional 64,095 shares in the last quarter. HighTower Advisors LLC increased its stake in BlackRock Municipal Income Trust II by 31.4% during the 4th quarter. HighTower Advisors LLC now owns 53,026 shares of the company’s stock valued at $557,000 after purchasing an additional 12,682 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in BlackRock Municipal Income Trust II in the fourth quarter worth about $301,000.

BlackRock Municipal Income Trust II Stock Performance

NYSE:BLE opened at $10.38 on Friday. The firm’s 50 day moving average price is $10.64. BlackRock Municipal Income Trust II has a 52 week low of $10.30 and a 52 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 Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 6.24%.

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.