BlackRock Municipal Income Trust II $BLE Position Reduced by Callahan Advisors LLC

Callahan Advisors LLC reduced its holdings in BlackRock Municipal Income Trust II (NYSE:BLE) by 6.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 109,768 shares of the company’s stock after selling 7,047 shares during the quarter. Callahan Advisors LLC’s holdings in BlackRock Municipal Income Trust II were worth $1,102,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Duncker Streett & Co. Inc. bought a new position in shares of BlackRock Municipal Income Trust II in the 2nd quarter worth about $118,000. Kovack Advisors Inc. bought a new position in shares of BlackRock Municipal Income Trust II in the 1st quarter worth about $140,000. Virtu Financial LLC bought a new position in shares of BlackRock Municipal Income Trust II in the 1st quarter worth about $204,000. Balefire LLC lifted its position in shares of BlackRock Municipal Income Trust II by 36.8% in the 2nd quarter. Balefire LLC now owns 23,106 shares of the company’s stock worth $232,000 after buying an additional 6,220 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of BlackRock Municipal Income Trust II by 18.3% in the 1st quarter. Avior Wealth Management LLC now owns 23,752 shares of the company’s stock worth $247,000 after buying an additional 3,675 shares during the last quarter.

BlackRock Municipal Income Trust II Trading Down 0.5%

Shares of NYSE:BLE opened at $10.52 on Thursday. The company’s 50-day moving average price is $10.18 and its 200 day moving average price is $10.03. BlackRock Municipal Income Trust II has a fifty-two week low of $9.56 and a fifty-two week high of $11.29.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a $0.054 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.2%.

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.