116,159 Shares in BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) Purchased by Callahan Advisors LLC

Callahan Advisors LLC acquired a new position in shares of BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE) in the fourth quarter, HoldingsChannel reports. The firm acquired 116,159 shares of the company’s stock, valued at approximately $1,221,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Simon Quick Advisors LLC acquired a new stake in BlackRock Municipal Income Trust II in the 4th quarter worth about $112,000. Paradigm Capital Management LLC NV acquired a new stake in BlackRock Municipal Income Trust II in the 3rd quarter worth about $113,000. Private Advisor Group LLC acquired a new stake in BlackRock Municipal Income Trust II in the 3rd quarter worth about $117,000. Benjamin Edwards Inc. acquired a new stake in BlackRock Municipal Income Trust II in the 3rd quarter worth about $124,000. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in BlackRock Municipal Income Trust II in the 3rd quarter worth about $167,000.

BlackRock Municipal Income Trust II Price Performance

Shares of NYSEAMERICAN:BLE opened at $10.83 on Tuesday. BlackRock Municipal Income Trust II has a 12-month low of $10.30 and a 12-month high of $11.41.

BlackRock Municipal Income Trust II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Friday, February 14th.

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.