Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
26 hedge funds and large institutions have $30.5M invested in Blackrock Municipal 2020 Term Trust in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 8 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
7% more capital invested
Capital invested by funds: $28.5M → $30.5M (+$1.97M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 29 → 26 (-3)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$730K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$428K |
| 3 |
CWM
Concert Wealth Management
San Jose,
California
|
+$302K |
| 4 |
SG Americas Securities
New York
|
+$158K |
| 5 |
LFR
Lehman Financial Resources
Media,
Pennsylvania
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$493K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$276K |
| 3 |
Morgan Stanley
New York
|
-$200K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$167K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$152K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NG
26
NatWest Group
Edinburgh, Scotland,
United Kingdom
| $333 | – | – | – |
|
|
27
Invesco
Atlanta,
Georgia
| – | -$493K | -30,957 | Closed |
|
|
VKH
28
Virtu KCG Holdings
New York
| – | -$276K | -17,302 | Closed |
|
|
29
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$167K | -10,451 | Closed |
|
|
EWM
30
Evercore Wealth Management
New York
| – | -$61K | -3,829 | Closed |
|
31
Citigroup
New York
| – | -$24K | -1,509 | Closed |
|
|
AIG
32
American International Group
New York
| – | -$21.2K | -1,333 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$16K | -991 | Closed |
|
|
NFG
34
Next Financial Group
Houston,
Texas
| – | -$6K | -359 | Closed |
|
BKK Hedge Fund Activity: Q4 2014 in Review
26 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q4 2014, worth a combined $30.5M — up 6.9% from $28.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BKK and 6 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was NWAM LLC, opening a new position worth an estimated $730K. The largest seller was Invesco, exiting entirely with an estimated $493K sold.
- 26 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q4 2014, down from 29 in Q3 2014.
- Funds reported $30.5M of Blackrock Municipal 2020 Term Trust stock for Q4 2014, up 6.9% quarter-over-quarter.
- 6 funds opened new Blackrock Municipal 2020 Term Trust positions in Q4 2014 and 8 closed out, a net change of -2 holders.
- The largest Blackrock Municipal 2020 Term Trust buyer in Q4 2014 was NWAM LLC, an estimated $730K added.
- The largest Blackrock Municipal 2020 Term Trust seller in Q4 2014 was Invesco, an estimated $493K sold.
Based on aggregated 13F filings for Q4 2014.