BlackRock Municipal Income Investment Trust
BBF
BBF was delisted on the 9th of April, 2021.
28 hedge funds and large institutions have $13.6M invested in BlackRock Municipal Income Investment Trust in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 5 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
16% more capital invested
Capital invested by funds: $11.7M → $13.6M (+$1.86M)
3% less funds holding
Funds holding: 29 → 28 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $79K | +$65.6K | +5,000 | +556% |
|
27
Osaic Holdings
Scottsdale,
Arizona
| $56K | +$14.4K | +1,100 | +36% |
|
|
FWM
28
FSA Wealth Management
Needham,
Massachusetts
| $16K | +$15.7K | +1,194 | New |
|
|
CCP
29
Clough Capital Partners
Boston,
Massachusetts
| – | -$171K | -13,200 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$139K | -10,758 | Closed |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$136K | -10,460 | Closed |
|
|
AA
32
AQR Arbitrage
Greenwich,
Connecticut
| – | -$133K | -10,231 | Closed |
|
|
RJFSA
33
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$131K | -10,103 | Closed |
|
BBF Hedge Fund Activity: Q4 2020 in Review
28 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal Income Investment Trust (BBF) for Q4 2020, worth a combined $13.6M — up 16% from $11.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BBF and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 11 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $233K.
- 28 institutional investors held BlackRock Municipal Income Investment Trust (BBF) as of Q4 2020, down from 29 in Q3 2020.
- Funds reported $13.6M of BlackRock Municipal Income Investment Trust stock for Q4 2020, up 16% quarter-over-quarter.
- 4 funds opened new BlackRock Municipal Income Investment Trust positions in Q4 2020 and 5 closed out, a net change of -1 holder.
- The largest BlackRock Municipal Income Investment Trust buyer in Q4 2020 was Karpus Investment Management, an estimated $1.11M added.
- The largest BlackRock Municipal Income Investment Trust seller in Q4 2020 was Morgan Stanley, an estimated $233K sold.
Based on aggregated 13F filings for Q4 2020.