BlackRock Municipal Income Trust II (BLE)

• Market cap: $500M
• 1 day: -0.10%
• 5 days: -2.24%
• 1 month: -2.51%
• 3 months: -7.58%
• 6 months: -1.13%
• Year to date: -2.87%
• 1 year: -1.78%
• 5 years: -30.96%
• 10 years: -33.59%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

3% more capital invested

Capital invested by funds: $167M [Q2] → $173M (+$5.71M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.21% less ownership

Funds ownership: 32.42% [Q2] → 32.2% (-0.21%) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 31

3% less funds holding

Funds holding: 103 [Q2] → 100 (-3) [Q3]

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10