Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
34 hedge funds and large institutions have $27.3M invested in Blackrock Municipal Bond Trust in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 7 reducing their positions, and 4 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 7
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
22% more capital invested
Capital invested by funds: $22.4M → $27.3M (+$4.91M)
3% more funds holding
Funds holding: 33 → 34 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$2.55M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$583K |
| 3 |
MWM
Meridian Wealth Management
Lexington,
Kentucky
|
+$366K |
| 4 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
+$107K |
| 5 |
Morgan Stanley
New York
|
+$103K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$235K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$213K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$193K |
| 4 |
Cohen & Steers
New York
|
-$174K |
| 5 |
VanEck Associates
New York
|
-$165K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KOMWMG
26
Kerntke Otto McGlone Wealth Management Group
Appleton,
Wisconsin
| $178K | +$2.45K | +155 | +1% |
|
27
HighTower Advisors
Chicago,
Illinois
| $170K | -$52.2K | -3,300 | -24% |
|
28
Osaic Holdings
Scottsdale,
Arizona
| $97K | -$66.8K | -4,223 | -41% |
|
|
BBHBI
29
B, B, H, & B Inc
Birmingham,
Alabama
| $88K | +$87K | +5,504 | New |
|
|
BWL
30
Bogart Wealth LLC
Mclean,
Virginia
| $35K | – | – | – |
|
|
HCM
31
Highlander Capital Management
Short Hills,
New Jersey
| $16K | – | – | – |
|
|
BFEC
32
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $15K | +$14.5K | +920 | New |
|
|
AF
33
Advisornet Financial
Minnetonka,
Minnesota
| $8K | -$6.33K | -400 | -44% |
|
|
FWM
34
Focused Wealth Management
Newburgh,
New York
| $2K | – | – | – |
|
|
N
35
Nuveen
Charlotte,
North Carolina
| – | -$235K | -15,435 | Closed |
|
|
PAG
36
Private Advisor Group
Morristown,
New Jersey
| – | -$213K | -14,036 | Closed |
|
|
37
Cohen & Steers
New York
| – | -$174K | -11,436 | Closed |
|
|
WAM
38
Wolverine Asset Management
Chicago,
Illinois
| – | -$53K | -3,552 | Closed |
|
BBK Hedge Fund Activity: Q4 2020 in Review
34 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q4 2020, worth a combined $27.3M — up 22% from $22.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BBK positions and 4 closed out — a net gain of 2 holders — while 15 added to existing stakes and 7 trimmed.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $2.55M. The largest seller was Nuveen, exiting entirely with an estimated $235K sold.
- 34 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q4 2020, up from 33 in Q3 2020.
- Funds reported $27.3M of Blackrock Municipal Bond Trust stock for Q4 2020, up 22% quarter-over-quarter.
- 6 funds opened new Blackrock Municipal Bond Trust positions in Q4 2020 and 4 closed out, a net change of +2 holders.
- The largest Blackrock Municipal Bond Trust buyer in Q4 2020 was Kestra Advisory Services, an estimated $2.55M added.
- The largest Blackrock Municipal Bond Trust seller in Q4 2020 was Nuveen, an estimated $235K sold.
Based on aggregated 13F filings for Q4 2020.