Ownership Action Report: Blackrock Municipal Income Trust II Stock Decline in Q2 2016 Driven by Institutional Investors

November 16, 2016 - By Louis Casey   ·   0 Comments

Ownership Action Report: Blackrock Municipal Income Trust II Stock Decline in  Q2 2016 Driven by Institutional Investors

Sentiment for Blackrock Municipal Income Trust II (NYSEMKT:BLE)

Blackrock Municipal Income Trust II (NYSEMKT:BLE) institutional sentiment decreased to 0.69 in Q2 2016. Its down -0.49, from 1.18 in 2016Q1. The ratio has dropped, as 11 funds increased and opened new positions, while 16 reduced and sold stakes in Blackrock Municipal Income Trust II. The funds in our partner’s database now possess: 1.42 million shares, up from 1.37 million shares in 2016Q1. Also, the number of funds holding Blackrock Municipal Income Trust II in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 10 Increased: 10 New Position: 1.

BlackRock Municipal Income Trust II is a closed-end fund. The company has a market cap of $345.28 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It currently has negative earnings. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes .

About 2,274 shares traded hands. BlackRock Municipal Income Trust II (NYSEMKT:BLE) has declined 10.21% since April 14, 2016 and is downtrending. It has underperformed by 14.89% the S&P500.

Robinson Capital Management Llc holds 0.27% of its portfolio in BlackRock Municipal Income Trust II for 28,494 shares. Rocky Mountain Advisers Llc owns 1,280 shares or 0.11% of their US portfolio. Moreover, Fiduciary Financial Services Of The Southwest Inc Tx has 0.07% invested in the company for 13,675 shares. The Illinois-based Guggenheim Capital Llc has invested 0.03% in the stock. Burt Wealth Advisors, a Maryland-based fund reported 1,000 shares.#img1#

BLE Company Profile

BlackRock Municipal Income Trust II (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust will invest at least 80% of its total assets in municipal bonds that are investment-grade quality, or determined by its investment adviser to be of equivalent credit quality at time of purchase. The Trust may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB or B by Moody’s Investors Service (Moody’s), Standard & Poor’s (S&P) or Fitch Ratings (Fitch), or that are unrated but judged to be of comparable quality by its investment advisor.

More notable recent BlackRock Municipal Income Trust II (NYSEMKT:BLE) news were published by: Nasdaq.com which released: “BlackRock Municipal Income Trust II (BLE) Ex-Dividend Date Scheduled for …” on October 11, 2016, also Streetinsider.com with their article: “Form NSAR-B BLACKROCK MUNICIPAL INCO For: Aug 31” published on October 28, 2016, Seekingalpha.com published: “In Search Of Income: Municipal Bond CEFs (Part II)” on January 20, 2015. More interesting news about BlackRock Municipal Income Trust II (NYSEMKT:BLE) were released by: Businesswire.com and their article: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” published on May 05, 2014 as well as Moodys.com‘s news article titled: “Moody’s withdraws short-term ratings of VRDP shares issued by seven BlackRock …” with publication date: October 22, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Louis Casey


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>