Blackrock Municipal Bond Trust
BBK
BBK was delisted on the 5th of March, 2021.
38 hedge funds and large institutions have $21.3M invested in Blackrock Municipal Bond Trust in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 10 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0% less capital invested
Capital invested by funds: $21.4M → $21.3M (-$78.5K)
5% less funds holding
Funds holding: 40 → 38 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$1.23M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.18M |
| 3 |
Cohen & Steers
New York
|
+$701K |
| 4 |
ABC
Associated Banc-Corp
Green Bay,
Wisconsin
|
+$466K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$461K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.23M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$873K |
| 3 |
Morgan Stanley
New York
|
-$655K |
| 4 |
LFS
Legacy Financial Strategies
Overland Park,
Kansas
|
-$197K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$180K |
BBK Hedge Fund Activity: Q1 2020 in Review
38 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal Bond Trust (BBK) for Q1 2020, worth a combined $21.3M — down 0.37% from $21.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BBK and 9 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 15 added.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $1.23M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $2.23M sold.
- 38 institutional investors held Blackrock Municipal Bond Trust (BBK) as of Q1 2020, down from 40 in Q4 2019.
- Funds reported $21.3M of Blackrock Municipal Bond Trust stock for Q1 2020, down 0.37% quarter-over-quarter.
- 9 funds opened new Blackrock Municipal Bond Trust positions in Q1 2020 and 10 closed out, a net change of -1 holder.
- The largest Blackrock Municipal Bond Trust buyer in Q1 2020 was Mackay Shields LLC, an estimated $1.23M added.
- The largest Blackrock Municipal Bond Trust seller in Q1 2020 was Fiera Capital (Canada), an estimated $2.23M sold.
Based on aggregated 13F filings for Q1 2020.