BlackRock Municipal Income Trust IIBLE
About: Blackrock Municipal Income Trust II is a perpetual closed-end municipal bond fund. Its objective is to provide high current income exempt from regular U.S. federal income tax consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations that pay interest that is exempt from U.S. federal income taxes (except that the interest may be subject to the U.S. federal alternative minimum tax).
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
10% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 29
2% more funds holding
Funds holding: 100 [Q1] → 102 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
4% less capital invested
Capital invested by funds: $168M [Q1] → $161M (-$6.25M) [Q2]
34.65% less ownership
Funds ownership: 65.93% [Q1] → 31.28% (-34.65%) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for BLE.