BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Shares Sold by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP cut its stake in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,963 shares of the company’s stock after selling 1,701 shares during the quarter. Wakefield Asset Management LLLP’s holdings in BlackRock Municipal Income Trust II were worth $1,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of BlackRock Municipal Income Trust II by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,444 shares of the company’s stock valued at $513,000 after acquiring an additional 945 shares in the last quarter. Integrated Capital Management Inc. raised its stake in BlackRock Municipal Income Trust II by 13.1% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,289 shares of the company’s stock valued at $198,000 after purchasing an additional 2,118 shares during the period. Melfa Wealth Management Inc. lifted its holdings in shares of BlackRock Municipal Income Trust II by 3.5% in the second quarter. Melfa Wealth Management Inc. now owns 91,871 shares of the company’s stock valued at $993,000 after purchasing an additional 3,126 shares in the last quarter. Arbor Trust Wealth Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the second quarter worth $111,000. Finally, Leo Wealth LLC grew its holdings in shares of BlackRock Municipal Income Trust II by 9.8% during the first quarter. Leo Wealth LLC now owns 159,346 shares of the company’s stock valued at $1,727,000 after buying an additional 14,239 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Performance

BLE stock opened at $11.16 on Friday. BlackRock Municipal Income Trust II has a 52 week low of $8.77 and a 52 week high of $11.22.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a dividend of $0.052 per share. The ex-dividend date is Monday, September 16th. This represents a $0.62 annualized dividend and a dividend yield of 5.59%.

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.