Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
32 hedge funds and large institutions have $10.3M invested in Blackrock Municipal Bond Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 6 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
4% less capital invested
Capital invested by funds: $10.8M → $10.3M (-$461K)
6% less funds holding
Funds holding: 34 → 32 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$617K |
| 2 |
BIM
Bridgecreek Investment Management
Tulsa,
Oklahoma
|
+$199K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$164K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$83.1K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$68.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$424K |
| 2 |
LCM
Laurion Capital Management
New York
|
-$349K |
| 3 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$193K |
| 4 |
SL
Summitry LLC
Foster City,
California
|
-$153K |
| 5 |
TWA
TCI Wealth Advisors
Tucson,
Arizona
|
-$122K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $28K | +$261 | +17 | +0.9% |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $23K | -$5.11K | -333 | -18% |
|
|
EWM
28
Endurance Wealth Management
Providence,
Rhode Island
| $18K | – | – | – |
|
|
HCM
29
Highlander Capital Management
Short Hills,
New Jersey
| $15K | – | – | – |
|
|
FWM
30
Focused Wealth Management
Newburgh,
New York
| $14K | -$10.7K | -700 | -43% |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $13K | -$65.6K | -4,278 | -83% |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| $5K | +$5.46K | +356 | New |
|
|
ICOA
33
Investment Centers of America
Bismarck,
North Dakota
| – | -$424K | -27,822 | Closed |
|
|
LCM
34
Laurion Capital Management
New York
| – | -$349K | -22,864 | Closed |
|
|
ECM
35
Evergreen Capital Management
Bellevue,
Washington
| – | -$193K | -12,675 | Closed |
|
|
SL
36
Summitry LLC
Foster City,
California
| – | -$153K | -10,000 | Closed |
|
|
TWA
37
TCI Wealth Advisors
Tucson,
Arizona
| – | -$122K | -8,000 | Closed |
|
|
AA
38
Ancora Advisors
Cleveland,
Ohio
| – | -$11K | -700 | Closed |
|
BBK Hedge Fund Activity: Q1 2017 in Review
32 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q1 2017, worth a combined $10.3M — down 4.3% from $10.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BBK and 5 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 9 added.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $617K. The largest seller was Investment Centers of America, exiting entirely with an estimated $424K sold.
- 32 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q1 2017, down from 34 in Q4 2016.
- Funds reported $10.3M of Blackrock Municipal Bond Trust stock for Q1 2017, down 4.3% quarter-over-quarter.
- 5 funds opened new Blackrock Municipal Bond Trust positions in Q1 2017 and 6 closed out, a net change of -1 holder.
- The largest Blackrock Municipal Bond Trust buyer in Q1 2017 was Robinson Capital Management, an estimated $617K added.
- The largest Blackrock Municipal Bond Trust seller in Q1 2017 was Investment Centers of America, an estimated $424K sold.
Based on aggregated 13F filings for Q1 2017.