Van ECK Associates Corp Sells 11,618 Shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Van ECK Associates Corp reduced its holdings in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 359,345 shares of the company’s stock after selling 11,618 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock Municipal Income Trust II were worth $3,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLE. Robinson Capital Management LLC boosted its stake 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 purchasing an additional 96,486 shares during the period. Rothschild Investment LLC bought a new stake in BlackRock Municipal Income Trust II in the 2nd quarter valued at $827,000. Fiera Capital Corp boosted its stake 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 purchasing an additional 36,222 shares during the period. Catalina Capital Group LLC bought a new stake in BlackRock Municipal Income Trust II in the 2nd quarter valued at $255,000. Finally, Ackerman Capital Advisors LLC boosted its stake in BlackRock Municipal Income Trust II by 18.1% in the 2nd quarter. Ackerman Capital Advisors LLC now owns 124,591 shares of the company’s stock valued at $1,347,000 after purchasing an additional 19,108 shares during the period.

BlackRock Municipal Income Trust II Trading Up 0.6 %

BLE opened at $11.20 on Thursday. BlackRock Municipal Income Trust II has a 1 year low of $8.77 and a 1 year high of $11.20.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.052 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.62 annualized dividend and a yield of 5.57%.

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.