Rothschild Investment LLC Has $774,000 Stake in BlackRock Municipal Income Trust II (NYSE:BLE)

Rothschild Investment LLC trimmed its holdings in BlackRock Municipal Income Trust II (NYSE:BLE) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,536 shares of the company’s stock after selling 1,961 shares during the period. Rothschild Investment LLC’s holdings in BlackRock Municipal Income Trust II were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in BlackRock Municipal Income Trust II by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 394,381 shares of the company’s stock valued at $4,145,000 after acquiring an additional 46,598 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock Municipal Income Trust II in the fourth quarter valued at about $1,889,000. LPL Financial LLC lifted its holdings in shares of BlackRock Municipal Income Trust II by 14.9% in the fourth quarter. LPL Financial LLC now owns 272,355 shares of the company’s stock valued at $2,862,000 after purchasing an additional 35,337 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of BlackRock Municipal Income Trust II by 31.4% in the fourth quarter. HighTower Advisors LLC now owns 53,026 shares of the company’s stock valued at $557,000 after purchasing an additional 12,682 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of BlackRock Municipal Income Trust II by 5.7% in the fourth quarter. NewEdge Advisors LLC now owns 28,226 shares of the company’s stock valued at $297,000 after purchasing an additional 1,522 shares in the last quarter.

BlackRock Municipal Income Trust II Stock Performance

Shares of BlackRock Municipal Income Trust II stock opened at $9.98 on Friday. The stock’s 50-day moving average is $10.03 and its 200-day moving average is $10.48. BlackRock Municipal Income Trust II has a one year low of $9.56 and a one year high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.054 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.49%.

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.