Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
36 hedge funds and large institutions have $18.6M invested in Blackrock Municipal Bond Trust in 2018 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 8 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
12% less funds holding
Funds holding: 41 → 36 (-5)
50% less capital invested
Capital invested by funds: $37M → $18.6M (-$18.4M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.17M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$661K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$510K |
| 4 |
Cohen & Steers
New York
|
+$401K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$332K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$20.3M |
| 2 |
Morgan Stanley
New York
|
-$326K |
| 3 |
BIM
Bridgecreek Investment Management
Tulsa,
Oklahoma
|
-$224K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$160K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$139K |
BBK Hedge Fund Activity: Q4 2018 in Review
36 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q4 2018, worth a combined $18.6M — down 50% from $37M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BBK and 3 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 12 added.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $1.17M. The largest seller was Ameriprise, exiting entirely with an estimated $20.3M sold.
- 36 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q4 2018, down from 41 in Q3 2018.
- Funds reported $18.6M of Blackrock Municipal Bond Trust stock for Q4 2018, down 50% quarter-over-quarter.
- 3 funds opened new Blackrock Municipal Bond Trust positions in Q4 2018 and 8 closed out, a net change of -5 holders.
- The largest Blackrock Municipal Bond Trust buyer in Q4 2018 was Sit Investment Associates, an estimated $1.17M added.
- The largest Blackrock Municipal Bond Trust seller in Q4 2018 was Ameriprise, an estimated $20.3M sold.
Based on aggregated 13F filings for Q4 2018.