HighTower Advisors LLC Raises Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

HighTower Advisors LLC grew its position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 20.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,344 shares of the company’s stock after purchasing an additional 6,812 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $459,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new position in BlackRock Municipal Income Trust II during the 3rd quarter valued at approximately $124,000. Paradigm Capital Management LLC NV bought a new stake in BlackRock Municipal Income Trust II during the third quarter worth approximately $113,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of BlackRock Municipal Income Trust II during the third quarter valued at approximately $167,000. Avior Wealth Management LLC raised its stake in shares of BlackRock Municipal Income Trust II by 18.6% during the third quarter. Avior Wealth Management LLC now owns 17,371 shares of the company’s stock valued at $196,000 after acquiring an additional 2,729 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in BlackRock Municipal Income Trust II by 20.8% during the third quarter. Pathstone Holdings LLC now owns 974,068 shares of the company’s stock valued at $10,968,000 after buying an additional 167,548 shares during the period.

BlackRock Municipal Income Trust II Stock Performance

NYSEAMERICAN BLE opened at $10.48 on Friday. BlackRock Municipal Income Trust II has a 52 week low of $10.27 and a 52 week high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Monday, December 16th.

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.