HighTower Advisors LLC Grows Holdings in BlackRock Municipal Income Trust II (NYSE:BLE)

HighTower Advisors LLC raised its position in BlackRock Municipal Income Trust II (NYSE:BLE) by 31.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,026 shares of the company’s stock after buying an additional 12,682 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $557,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BLE. Noble Wealth Management PBC purchased a new stake 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 BlackRock Municipal Income Trust II in the 4th quarter valued at $112,000. Paradigm Capital Management LLC NV bought a new position in BlackRock Municipal Income Trust II in the 3rd quarter valued at $113,000. Benjamin Edwards Inc. purchased a new stake in shares of BlackRock Municipal Income Trust II during the 3rd quarter valued at $124,000. Finally, Avior Wealth Management LLC raised its stake in shares of BlackRock Municipal Income Trust II by 15.6% during the 4th quarter. Avior Wealth Management LLC now owns 20,077 shares of the company’s stock worth $211,000 after purchasing an additional 2,706 shares during the period.

BlackRock Municipal Income Trust II Trading Up 0.5 %

Shares of NYSE:BLE opened at $10.43 on Friday. BlackRock Municipal Income Trust II has a fifty-two week low of $10.30 and a fifty-two week high of $11.41. The business has a 50-day moving average of $10.63.

BlackRock Municipal Income Trust II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Friday, March 14th.

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.