Envestnet Asset Management Inc. Has $1.15 Million Stock Position in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Envestnet Asset Management Inc. decreased its holdings in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLEGet Rating) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,831 shares of the company’s stock after selling 8,208 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BlackRock Municipal Income Trust II were worth $1,147,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BLE. GPS Wealth Strategies Group LLC acquired a new position in shares of BlackRock Municipal Income Trust II during the 2nd quarter worth $36,000. Steward Partners Investment Advisory LLC grew its stake in BlackRock Municipal Income Trust II by 140.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,011 shares of the company’s stock valued at $37,000 after buying an additional 1,761 shares during the last quarter. Prospera Financial Services Inc acquired a new position in BlackRock Municipal Income Trust II in the 1st quarter valued at $42,000. Marquette Asset Management LLC acquired a new position in BlackRock Municipal Income Trust II in the 2nd quarter valued at $79,000. Finally, PFG Advisors acquired a new position in BlackRock Municipal Income Trust II in the 2nd quarter valued at $124,000.

BlackRock Municipal Income Trust II Price Performance

NYSEAMERICAN:BLE opened at $10.58 on Wednesday. BlackRock Municipal Income Trust II has a 1 year low of $9.40 and a 1 year high of $15.45.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.50 dividend on an annualized basis and a yield of 4.76%.

BlackRock Municipal Income Trust II Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

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