BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,742 shares of the company’s stock after selling 10,060 shares during the period. Commonwealth Equity Services LLC’s holdings in BlackRock Municipal Income Trust II were worth $559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. purchased a new position in BlackRock Municipal Income Trust II during the 1st quarter worth $159,000. Alpine Global Management LLC purchased a new position in BlackRock Municipal Income Trust II during the first quarter worth about $163,000. Wakefield Asset Management LLLP lifted its position in BlackRock Municipal Income Trust II by 3.5% in the first quarter. Wakefield Asset Management LLLP now owns 168,664 shares of the company’s stock valued at $1,832,000 after purchasing an additional 5,706 shares during the period. Van ECK Associates Corp lifted its position in BlackRock Municipal Income Trust II by 4.3% in the first quarter. Van ECK Associates Corp now owns 370,963 shares of the company’s stock valued at $4,029,000 after purchasing an additional 15,148 shares during the period. Finally, Catalina Capital Group LLC purchased a new stake in BlackRock Municipal Income Trust II in the 2nd quarter valued at approximately $255,000.

BlackRock Municipal Income Trust II Price Performance

BlackRock Municipal Income Trust II stock opened at $11.34 on Friday. BlackRock Municipal Income Trust II has a one year low of $8.77 and a one year high of $11.41.

BlackRock Municipal Income Trust II Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.054 per share. This is a positive change from BlackRock Municipal Income Trust II’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.71%.

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.