Wells Fargo & Company MN Has $539,000 Stock Position in BlackRock Municipal Income Trust II (NYSE:BLE)

Wells Fargo & Company MN lessened its holdings in BlackRock Municipal Income Trust II (NYSE:BLE) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,267 shares of the company’s stock after selling 6,704 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock Municipal Income Trust II were worth $539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wakefield Asset Management LLLP boosted its stake in BlackRock Municipal Income Trust II by 0.6% in the fourth quarter. Wakefield Asset Management LLLP now owns 170,026 shares of the company’s stock valued at $1,787,000 after buying an additional 973 shares in the last quarter. Catalina Capital Group LLC lifted its holdings in shares of BlackRock Municipal Income Trust II by 7.3% in the fourth quarter. Catalina Capital Group LLC now owns 25,638 shares of the company’s stock worth $269,000 after acquiring an additional 1,744 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of BlackRock Municipal Income Trust II by 15.6% in the 4th quarter. Avior Wealth Management LLC now owns 20,077 shares of the company’s stock valued at $211,000 after purchasing an additional 2,706 shares in the last quarter. Arlington Capital Management Inc. grew its holdings in shares of BlackRock Municipal Income Trust II by 16.5% during the 4th quarter. Arlington Capital Management Inc. now owns 22,282 shares of the company’s stock valued at $234,000 after purchasing an additional 3,153 shares during the last quarter. Finally, Leo Wealth LLC increased its position in BlackRock Municipal Income Trust II by 1.9% during the 4th quarter. Leo Wealth LLC now owns 202,313 shares of the company’s stock worth $2,126,000 after purchasing an additional 3,736 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Performance

Shares of BlackRock Municipal Income Trust II stock opened at $10.06 on Friday. The company’s 50 day moving average price is $10.27 and its two-hundred day moving average price is $10.54. BlackRock Municipal Income Trust II has a fifty-two week low of $9.56 and a fifty-two week high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.44%. The ex-dividend date was Tuesday, April 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.