BlackRock Municipal Income Trust II

BLE • NYSE

BlackRock Municipal Income Trust II is a publicly traded company on NYSE. As of Q3 2025, 83 institutional investors hold shares in this company, with total holdings valued at $182.8M. Karpus Management, Inc. is the largest holder with a position valued at $46.3M.

Websiteblackrock.com

Overview

Overview of institutional ownership in BLE as of Q3 2025

All Institutions

Institutions: 83
Value Held: $182.8M
Shares Held: 17.5M
Avg Position: $2.2M
Median Position: $286.2K

Hedge Funds

Hedge Funds: 4
Value Held: $44.1M
Shares Held: 4.2M
Avg Position: $11.0M
Median Position: $1.4M

Biggest Investors

Institutions with the largest positions in BLE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
K Karpus Management, Inc. Institution	-	$46.3M 1.49% of portfolio	0.00% 4.4M shares	Q4 2022 Held for 2y 11m	$3.1B
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	$41.1M 2.49% of portfolio	0.00% 3.9M shares	Q4 2022 Held for 2y 11m	$1.7B
Pathstone Holdings, LLC Family Office	Matthew Jacob Fleissig CEO	$18.3M 0.07% of portfolio	0.00% 1.8M shares	Q4 2023 Held for 1y 11m	$26.2B
ROBINSON CAPITAL MANAGEMENT, LLC Long Only Manager	James Christopher Robinson CEO	$7.5M 5.49% of portfolio	0.00% 718.8K shares	Q4 2022 Held for 2y 11m	$136.7M
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$5.7M 0.00% of portfolio	0.00% 543.4K shares	Q4 2022 Held for 2y 11m	$1.65T
Hennion & Walsh Asset Management, Inc. RIA/Wealth	Kevin Douglas Mahn President	$4.5M 0.16% of portfolio	0.00% 427.8K shares	Q1 2025 Held for 8 months	$2.8B
G GUGGENHEIM CAPITAL LLC Institution	-	$4.1M 0.03% of portfolio	0.00% 388.7K shares	Q4 2022 Held for 2y 11m	$13.4B
MACKAY SHIELDS LLC Long Only Manager	Alison Hiers Micucci CEO	$3.8M 0.87% of portfolio	0.00% 364.0K shares	Q4 2023 Held for 1y 11m	$435.7M
TORONTO DOMINION BANK Institution	Leo Salom CEO	$3.7M 0.01% of portfolio	0.00% 356.1K shares	Q2 2025 Held for 5 months	$51.2B
Rareview Capital LLC ETF Provider	Neil David Azous CIO	$3.2M 1.95% of portfolio	0.00% 318.7K shares	Q4 2023 Held for 1y 11m	$163.8M

Net Capital Flow

Institutional buying and selling activity for BLE in Q3 2025

Traded: −$752.0K
Buyers: 36
Sellers: 35
Total Bought: +$9.6M
Total Sold: −$10.3M
Avg Position: $1.9M

Biggest Buyers

Institution	Net Bought	Current Position
Pathstone Holdings, LLC Family Office	+$3.3M +311.6K shares	$18.3M 1.8M shares
TORONTO DOMINION BANK Institution	+$1.5M +142.9K shares	$3.7M 356.1K shares
K Karpus Management, Inc. Institution	+$1.4M +138.6K shares	$46.3M 4.4M shares
Hennion & Walsh Asset Management, Inc. RIA/Wealth	+$434.2K +41.5K shares	$4.5M 427.8K shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$421.8K +40.4K shares	$421.8K 40.4K shares
C CARY STREET PARTNERS FINANCIAL LLC Institution	+$347.3K +33.2K shares	$1.5M 144.6K shares
OPPENHEIMER & CO INC RIA/Wealth	+$299.6K +28.7K shares	$299.6K 28.7K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$266.5K +25.5K shares	$2.1M 197.1K shares
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$205.6K +19.7K shares	$41.1M 3.9M shares
Rockefeller Capital Management L.P. Long Only Manager	+$164.7K +15.8K shares	$164.7K 15.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
ROBINSON CAPITAL MANAGEMENT, LLC Long Only Manager	−$3.2M −307.4K shares	$7.5M 718.8K shares
MACKAY SHIELDS LLC Long Only Manager	−$2.2M −213.7K shares	$3.8M 364.0K shares
G GUGGENHEIM CAPITAL LLC Institution	−$1.1M −102.2K shares	$4.1M 388.7K shares
L Leo Wealth, LLC Institution	−$517.3K −49.5K shares	$1.7M 162.8K shares
Linscomb & Williams, Inc. RIA/Wealth	−$451.8K −45.0K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$266.0K −25.5K shares	$2.7M 257.7K shares
BANK OF AMERICA CORP /DE/ Institution	−$238.4K −22.8K shares	$3.0M 282.5K shares
Invesco Ltd. ETF Provider	−$229.3K −21.9K shares	$2.0M 191.7K shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$197.9K −19.7K shares	Sold Off 0 shares
Rareview Capital LLC ETF Provider	−$190.3K −19.0K shares	$3.2M 318.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BLE in Q3 2025

New Positions: 8
New Value: $936.7K
Exited Positions: 11
Exited Value: $1.4M

New Positions

Institution	Position Value
Allspring Global Investments Holdings, LLC Long Only Manager	$421.8K 40.4K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$162.0K 15.5K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$148.1K 14.2K shares
GOLDMAN SACHS GROUP INC Institution	$136.7K 13.1K shares
A Advisory Services Network, LLC RIA/Wealth	$35.4K 3.4K shares
LRI Investments, LLC RIA/Wealth	$29.0K 2.8K shares
HIGHLINE WEALTH PARTNERS LLC RIA/Wealth	$3.7K 350.0 shares
CWM, LLC RIA/Wealth	- - shares

Exited Positions

Institution	Previous Position
Linscomb & Williams, Inc. RIA/Wealth	$451.8K 45.0K shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$197.9K 19.7K shares
P Palogic Value Management, L.P. RIA/Wealth	$150.6K 15.0K shares
HORIZON KINETICS ASSET MANAGEMENT LLC Long Only Manager	$144.8K 14.4K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$143.0K 14.2K shares
Massey, Quick & Co., LLC RIA/Wealth	$115.7K 11.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$111.8K 11.1K shares
N NOMURA HOLDINGS INC Institution	$100.4K 10.0K shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	$17.9K 1.8K shares
Geneos Wealth Management Inc. RIA/Wealth	$13.0K 1.3K shares

Options Activity

Institutions with the largest Call and Put options positions in BLE as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BLE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ROBINSON CAPITAL MANAGEMENT, LLC Long Only Manager	James Christopher Robinson CEO	5.49% $7.5M	0.00% 718.8K shares	Q4 2022 Held for 2y 11m	$136.7M
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	2.49% $41.1M	0.00% 3.9M shares	Q4 2022 Held for 2y 11m	$1.7B
Rareview Capital LLC ETF Provider	Neil David Azous CIO	1.95% $3.2M	0.00% 318.7K shares	Q4 2023 Held for 1y 11m	$163.8M
K Karpus Management, Inc. Institution	-	1.49% $46.3M	0.00% 4.4M shares	Q4 2022 Held for 2y 11m	$3.1B
MACKAY SHIELDS LLC Long Only Manager	Alison Hiers Micucci CEO	0.87% $3.8M	0.00% 364.0K shares	Q4 2023 Held for 1y 11m	$435.7M
MELFA WEALTH MANAGEMENT, LLC RIA/Wealth	Christopher L Wayne CEO	0.56% $960.1K	0.00% 91.9K shares	Q4 2022 Held for 2y 11m	$169.9M
Wakefield Asset Management LLLP RIA/Wealth	Geoffrey Todd Gervasini CIO	0.49% $1.8M	0.00% 173.2K shares	Q4 2022 Held for 2y 11m	$366.4M
A Ackerman Capital Advisors, LLC RIA/Wealth	David Brouwer Ackerman Member	0.26% $1.2M	0.00% 119.4K shares	Q4 2022 Held for 2y 11m	$477.7M
Fortitude Advisory Group L.L.C. RIA/Wealth	Craig Douglas Johnsen CCO	0.25% $455.7K	0.00% 43.6K shares	Q4 2022 Held for 2y 11m	$185.7M
L Leo Wealth, LLC Institution	-	0.22% $1.7M	0.00% 162.8K shares	Q4 2023 Held for 1y 11m	$767.3M

Hedge Fund Spotlight

Discover hedge funds investing in BLE

RIVERNORTH CAPITAL MANAGEMENT, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerPatrick William Galley

Portfolio Value: $1.7B
Positions: 297
Last Reported: Q3 2025

Sector Allocation

Position in BlackRock Municipal Income Trust II

Market Value: $41.1M
Shares Held: 3.9M
Portfolio Weight: 2.49%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Blackrock Muniholdings Fund MHD	Unknown Unknown	$48.7M	2.95%
2 Blackrock Muniyield Fund MYD	Unknown Unknown	$48.3M	2.92%
3 Invesco Municipal Trust VKQ	Unknown Unknown	$42.3M	2.56%