Rivernorth Capital Management LLC Cuts Stock Holdings in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE)

Rivernorth Capital Management LLC trimmed its holdings in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,670,432 shares of the company’s stock after selling 13,654 shares during the period. BlackRock Municipal Income Trust II comprises approximately 2.1% of Rivernorth Capital Management LLC’s portfolio, making the stock its 11th largest position. Rivernorth Capital Management LLC’s holdings in BlackRock Municipal Income Trust II were worth $41,329,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Paradigm Capital Management LLC NV purchased a new stake in shares of BlackRock Municipal Income Trust II during the third quarter worth about $113,000. Arbor Trust Wealth Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the second quarter worth about $111,000. PFG Investments LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the second quarter worth about $111,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Municipal Income Trust II during the third quarter worth about $117,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of BlackRock Municipal Income Trust II during the third quarter worth about $124,000.

BlackRock Municipal Income Trust II Stock Down 0.1 %

BlackRock Municipal Income Trust II stock opened at $11.08 on Thursday. BlackRock Municipal Income Trust II has a 1-year low of $10.27 and a 1-year high of $11.41.

BlackRock Municipal Income Trust II Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.054 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.85%.

BlackRock Municipal Income Trust II 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.