Mutual Advisors LLC Reduces Holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Mutual Advisors LLC lowered its position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 129,718 shares of the company’s stock after selling 3,550 shares during the quarter. Mutual Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $1,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Leo Wealth LLC raised its holdings in BlackRock Municipal Income Trust II by 10.6% during the 3rd quarter. Leo Wealth LLC now owns 198,577 shares of the company’s stock valued at $2,236,000 after acquiring an additional 19,082 shares during the period. Private Advisor Group LLC bought a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at $117,000. Ackerman Capital Advisors LLC lifted its holdings in BlackRock Municipal Income Trust II by 9.0% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 135,744 shares of the company’s stock worth $1,528,000 after purchasing an additional 11,153 shares in the last quarter. Pathstone Holdings LLC boosted its stake in BlackRock Municipal Income Trust II by 20.8% in the 3rd quarter. Pathstone Holdings LLC now owns 974,068 shares of the company’s stock worth $10,968,000 after purchasing an additional 167,548 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in BlackRock Municipal Income Trust II by 18.6% during the 3rd quarter. Avior Wealth Management LLC now owns 17,371 shares of the company’s stock valued at $196,000 after buying an additional 2,729 shares in the last quarter.

BlackRock Municipal Income Trust II Price Performance

Shares of BlackRock Municipal Income Trust II stock opened at $10.67 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 company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 6.07%. The ex-dividend date is Wednesday, January 15th.

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.