Advisors Asset Management Inc. Has $2.15 Million Stock Holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Advisors Asset Management Inc. lessened its holdings in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 34.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 197,804 shares of the company’s stock after selling 103,509 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Municipal Income Trust II were worth $2,148,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Robinson Capital Management LLC raised its holdings in BlackRock Municipal Income Trust II by 11.7% in the 1st quarter. Robinson Capital Management LLC now owns 921,841 shares of the company’s stock valued at $9,606,000 after acquiring an additional 96,486 shares in the last quarter. Fiera Capital Corp raised its holdings in BlackRock Municipal Income Trust II by 6.5% in the 4th quarter. Fiera Capital Corp now owns 592,016 shares of the company’s stock valued at $6,323,000 after acquiring an additional 36,222 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BlackRock Municipal Income Trust II by 4.3% in the 1st quarter. Van ECK Associates Corp now owns 370,963 shares of the company’s stock worth $4,029,000 after buying an additional 15,148 shares in the last quarter. Wakefield Asset Management LLLP raised its holdings in shares of BlackRock Municipal Income Trust II by 3.5% in the 1st quarter. Wakefield Asset Management LLLP now owns 168,664 shares of the company’s stock worth $1,832,000 after buying an additional 5,706 shares in the last quarter. Finally, Leo Wealth LLC raised its holdings in shares of BlackRock Municipal Income Trust II by 9.8% in the 1st quarter. Leo Wealth LLC now owns 159,346 shares of the company’s stock worth $1,727,000 after buying an additional 14,239 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Up 0.5 %

Shares of BLE opened at $10.80 on Friday. BlackRock Municipal Income Trust II has a 1 year low of $8.77 and a 1 year high of $10.94.

BlackRock Municipal Income Trust II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.62 dividend on an annualized basis and a yield of 5.78%.

About BlackRock Municipal Income Trust II

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.