Advisors Asset Management Inc. Cuts Stock Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Advisors Asset Management Inc. cut its stake in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 64.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,053 shares of the company’s stock after selling 93,477 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Municipal Income Trust II were worth $586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of BlackRock Municipal Income Trust II during the third quarter worth about $117,000. B. Riley Wealth Advisors Inc. acquired a new position in BlackRock Municipal Income Trust II in the first quarter valued at approximately $159,000. Bank of New York Mellon Corp boosted its holdings in BlackRock Municipal Income Trust II by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 47,444 shares of the company’s stock valued at $513,000 after purchasing an additional 945 shares in the last quarter. Rothschild Investment LLC acquired a new position in BlackRock Municipal Income Trust II in the second quarter valued at approximately $827,000. Finally, PFG Investments LLC acquired a new position in BlackRock Municipal Income Trust II in the second quarter valued at approximately $111,000.

BlackRock Municipal Income Trust II Stock Up 0.7 %

Shares of BLE opened at $10.97 on Thursday. BlackRock Municipal Income Trust II has a 52-week low of $10.09 and a 52-week high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Friday, November 15th.

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.