Van ECK Associates Corp Has $3.80 Million Stake in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Van ECK Associates Corp trimmed its stake in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,783 shares of the company’s stock after selling 11,562 shares during the period. Van ECK Associates Corp’s holdings in BlackRock Municipal Income Trust II were worth $3,798,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BLE. B. Riley Wealth Advisors Inc. bought a new position in BlackRock Municipal Income Trust II in the 1st quarter valued at $159,000. Alpine Global Management LLC acquired a new stake in shares of BlackRock Municipal Income Trust II in the first quarter valued at $163,000. Private Advisor Group LLC bought a new position in shares of BlackRock Municipal Income Trust II in the third quarter valued at about $117,000. Bank of New York Mellon Corp lifted its position in BlackRock Municipal Income Trust II by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,444 shares of the company’s stock worth $513,000 after buying an additional 945 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in BlackRock Municipal Income Trust II during the 2nd quarter worth about $827,000.

BlackRock Municipal Income Trust II Stock Performance

BLE opened at $10.86 on Friday. BlackRock Municipal Income Trust II has a 1-year low of $9.44 and a 1-year high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The business 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 dividend yield of 5.97%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Municipal Income Trust II Company 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.