Modern Wealth Management LLC Decreases Stake in BlackRock Municipal Income Trust II (NYSE:BLE)

Modern Wealth Management LLC lowered its stake in BlackRock Municipal Income Trust II (NYSE:BLE) by 16.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,257 shares of the company’s stock after selling 9,414 shares during the quarter. Modern Wealth Management LLC’s holdings in BlackRock Municipal Income Trust II were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BLE. Signaturefd LLC increased its holdings in BlackRock Municipal Income Trust II by 995.4% during the 4th quarter. Signaturefd LLC now owns 5,477 shares of the company’s stock valued at $58,000 after purchasing an additional 4,977 shares during the period. Noble Wealth Management PBC bought a new position in shares of BlackRock Municipal Income Trust II during the fourth quarter valued at approximately $89,000. Simon Quick Advisors LLC bought a new position in shares of BlackRock Municipal Income Trust II during the fourth quarter valued at approximately $112,000. Paradigm Capital Management LLC NV purchased a new stake in BlackRock Municipal Income Trust II in the third quarter worth $113,000. Finally, Benjamin Edwards Inc. bought a new stake in BlackRock Municipal Income Trust II in the third quarter valued at $124,000.

BlackRock Municipal Income Trust II Price Performance

Shares of NYSE BLE opened at $10.38 on Friday. The stock has a fifty day moving average of $10.64. BlackRock Municipal Income Trust II has a 12 month low of $10.30 and a 12 month 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, April 1st. Investors of record on Friday, March 14th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Friday, March 14th.

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.