BlackRock Municipal Income Trust II $BLE Shares Sold by Mackay Shields LLC

Mackay Shields LLC lowered its holdings in BlackRock Municipal Income Trust II (NYSE:BLE) by 37.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,951 shares of the company’s stock after selling 213,719 shares during the period. Mackay Shields LLC’s holdings in BlackRock Municipal Income Trust II were worth $3,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BLE. Nomura Holdings Inc. purchased a new stake in BlackRock Municipal Income Trust II during the 2nd quarter worth $100,000. Duncker Streett & Co. Inc. acquired a new position in shares of BlackRock Municipal Income Trust II during the second quarter worth about $118,000. Allworth Financial LP acquired a new stake in shares of BlackRock Municipal Income Trust II in the second quarter valued at about $185,000. Wolverine Asset Management LLC raised its holdings in shares of BlackRock Municipal Income Trust II by 592.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 19,707 shares of the company’s stock valued at $198,000 after buying an additional 16,861 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of BlackRock Municipal Income Trust II by 5.6% during the 2nd quarter. Bank of Montreal Can now owns 22,477 shares of the company’s stock valued at $226,000 after buying an additional 1,201 shares during the period.

BlackRock Municipal Income Trust II Stock Performance

NYSE BLE opened at $10.57 on Wednesday. The business has a 50 day moving average price of $10.42 and a two-hundred day moving average price of $10.24. BlackRock Municipal Income Trust II has a fifty-two week low of $9.56 and a fifty-two week high of $10.87.

About BlackRock Municipal Income Trust II

BlackRock Municipal Income Trust II (NYSE:BLE) is a closed-end, diversified management investment company that seeks to offer shareholders a high level of current income exempt from federal income taxes. The fund pursues this objective by investing primarily in a portfolio of municipal debt obligations. Its holdings span various sectors of the municipal market, including general obligation bonds, revenue bonds, and other tax-exempt instruments issued by U.S. states, cities, counties and municipal authorities.

The fund’s portfolio typically combines investment-grade and below-investment-grade (high-yield) municipal securities, allowing it to balance income potential with credit quality considerations.