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BBK

Blackrock Municipal Bond Trust

Delisted

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.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

12% less funds holding

Funds holding: 4136 (-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

Holders
36
Holders Change
-5
Holders Change %
-12.2%
% of All Funds
0.8%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
12
Reduced
10
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Fiera Capital (Canada)
1
Fiera Capital (Canada)
Quebec, Canada
$4.09M +$661K +49,231 +19%
Morgan Stanley
2
Morgan Stanley
New York
$2.95M -$326K -24,279 -10%
PMG
3
ProVise Management Group
Florida
$1.58M -$160K -11,895 -9%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$1.25M
SIA
5
Sit Investment Associates
Minnesota
$1.17M +$1.17M +87,526 New
Cohen & Steers
6
Cohen & Steers
New York
$772K +$401K +29,877 +107%
Invesco
7
Invesco
Georgia
$623K -$37.1K -2,764 -6%
VanEck Associates
8
VanEck Associates
New York
$552K +$62.9K +4,686 +13%
FIMG
9
Financial & Investment Management Group
Michigan
$508K +$510K +38,028 New
GC
10
Guggenheim Capital
Illinois
$435K -$52.6K -3,923 -11%
RJA
11
Raymond James & Associates
Florida
$408K -$60.7K -4,523 -13%
LCM
12
Landscape Capital Management
New Jersey
$370K +$174K +12,950 +88%
KIM
13
Karpus Investment Management
New York
$331K +$332K +24,765 New
Bank of America
14
Bank of America
North Carolina
$330K -$134K -9,989 -29%
AA
15
AQR Arbitrage
Connecticut
$330K +$136K +10,143 +70%
Wells Fargo
16
Wells Fargo
California
$309K +$138K +10,263 +80%
PAG
17
Private Advisor Group
New Jersey
$279K -$11.7K -873 -4%
HighTower Advisors
18
HighTower Advisors
Illinois
$247K +$60.4K +4,500 +32%
UBS Group
19
UBS Group
Switzerland
$243K -$120K -8,966 -33%
PAS
20
Park Avenue Securities
New York
$230K +$5.27K +393 +2%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$225K +$33K +2,459 +17%
N
22
Nuveen
North Carolina
$206K
ECM
23
Evergreen Capital Management
Washington
$169K
CIA
24
Capital Investment Advisors
Georgia
$166K
FAAS
25
First Allied Advisory Services
California
$157K

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.