Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
35 hedge funds and large institutions have $11.7M invested in Blackrock Municipal Bond Trust in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
9% more funds holding
Funds holding: 32 → 35 (+3)
3% less capital invested
Capital invested by funds: $12.1M → $11.7M (-$313K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.14M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$454K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$453K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$186K |
| 5 |
PMG
ProVise Management Group
Clearwater,
Florida
|
+$117K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.16M |
| 2 |
LPL Financial
San Diego,
California
|
-$919K |
| 3 |
Cohen & Steers
New York
|
-$798K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$672K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$168K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $54K | – | – | – |
|
|
WP
27
WealthPLAN Partners
Omaha,
Nebraska
| $43.4K | +$83.8K | +4,804 | New |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $31K | +$401 | +23 | +1% |
|
|
FWM
29
Focused Wealth Management
Newburgh,
New York
| $29K | – | – | – |
|
30
Fifth Third Bancorp
Cincinnati,
Ohio
| $22K | – | – | – |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $21K | +$4.85K | +278 | +31% |
|
|
HCM
32
Highlander Capital Management
Short Hills,
New Jersey
| $18K | – | – | – |
|
|
BFEC
33
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $10K | – | – | – |
|
34
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $7K | +$6.98K | +400 | New |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $2K | -$5.23K | -300 | -75% |
|
|
36
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$1.16M | -67,882 | Closed |
|
|
37
Cohen & Steers
New York
| – | -$798K | -46,671 | Closed |
|
|
38
Invesco
Atlanta,
Georgia
| – | -$672K | -39,324 | Closed |
|
|
FAM
39
Formidable Asset Management
Cincinnati,
Ohio
| – | -$41K | -3,037 | Closed |
|
BBK Hedge Fund Activity: Q2 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q2 2016, worth a combined $11.7M — down 2.6% from $12.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BBK positions and 4 closed out — a net gain of 3 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.14M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $1.16M sold.
- 35 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q2 2016, up from 32 in Q1 2016.
- Funds reported $11.7M of Blackrock Municipal Bond Trust stock for Q2 2016, down 2.6% quarter-over-quarter.
- 7 funds opened new Blackrock Municipal Bond Trust positions in Q2 2016 and 4 closed out, a net change of +3 holders.
- The largest Blackrock Municipal Bond Trust buyer in Q2 2016 was Robinson Capital Management, an estimated $1.14M added.
- The largest Blackrock Municipal Bond Trust seller in Q2 2016 was Fiera Capital (Canada), an estimated $1.16M sold.
Based on aggregated 13F filings for Q2 2016.