BlackRock Taxable Municipal Bond Trust
BBN
84 hedge funds and large institutions have $186M invested in BlackRock Taxable Municipal Bond Trust in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 17 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
112% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 17
8% more funds holding
Funds holding: 78 → 84 (+6)
6% more capital invested
Capital invested by funds: $176M → $186M (+$9.82M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.07% less ownership
Funds ownership: 13.4% → 13.33% (-0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
AmeriServ Wealth Advisors
Johnstown,
Pennsylvania
|
+$1.75M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.37M |
| 3 |
Morgan Stanley
New York
|
+$1.25M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$957K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$946K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.63M |
| 2 |
LPL Financial
San Diego,
California
|
-$3.56M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.27M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$951K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$780K |
BBN Hedge Fund Activity: Q2 2016 in Review
84 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock Taxable Municipal Bond Trust (BBN) for Q2 2016, worth a combined $186M — up 5.6% from $176M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BBN positions and 4 closed out — a net gain of 6 holders — while 36 added to existing stakes and 17 trimmed.
The largest buyer was AmeriServ Wealth Advisors, adding an estimated $1.75M. The largest seller was Sit Investment Associates, cutting an estimated $4.63M.
- 84 institutional investors held BlackRock Taxable Municipal Bond Trust (BBN) as of Q2 2016, up from 78 in Q1 2016.
- Funds reported $186M of BlackRock Taxable Municipal Bond Trust stock for Q2 2016, up 5.6% quarter-over-quarter.
- 10 funds opened new BlackRock Taxable Municipal Bond Trust positions in Q2 2016 and 4 closed out, a net change of +6 holders.
- The largest BlackRock Taxable Municipal Bond Trust buyer in Q2 2016 was AmeriServ Wealth Advisors, an estimated $1.75M added.
- The largest BlackRock Taxable Municipal Bond Trust seller in Q2 2016 was Sit Investment Associates, an estimated $4.63M sold.
Based on aggregated 13F filings for Q2 2016.