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BKK

Blackrock Municipal 2020 Term Trust
BKK

Delisted

BKK was delisted on the 15th of December, 2020.

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53 hedge funds and large institutions have $37.3M invested in Blackrock Municipal 2020 Term Trust in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

2% less funds holding

Funds holding: 54 → 53 (-1)

9% less capital invested

Capital invested by funds: $41M → $37.3M (-$3.69M)

13% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 8

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
11
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SWP
Stratos Wealth Partners
Ohio
+$337K
2
NCM
Narwhal Capital Management
Georgia
+$261K
3
CA
Cetera Advisors
Colorado
+$223K
4
WAM
Wealthspire Advisors (Maryland)
Maryland
+$221K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$211K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.9M
2
LPL Financial
LPL Financial
California
-$348K
3
Wells Fargo
Wells Fargo
California
-$246K
4
CPIG
Chicago Partners Investment Group
Illinois
-$241K
5
RJA
Raymond James & Associates
Florida
-$194K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$268K +$211K +14,100 +353%
SG
27
StoneX Group
New York
$259K +$100K +6,700 +62%
NCM
28
Narwhal Capital Management
Georgia
$258K +$261K +17,398 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$228K +$10.3K +685 +5%
PA
30
Pinnacle Associates
New York
$220K – – –
CA
31
Cetera Advisors
Colorado
$220K +$223K +14,902 New
WAM
32
Wealthspire Advisors (Maryland)
Maryland
$218K +$221K +14,723 New
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$210K +$15.6K +1,039 +8%
First Trust Advisors
34
First Trust Advisors
Illinois
$183K +$185K +12,337 New
CT
35
Cambridge Trust
Massachusetts
$176K – – –
AOWM
36
Alpha Omega Wealth Management
Virginia
$173K – – –
JFA
37
JNBA Financial Advisors
Minnesota
$173K +$175K +11,700 New
TSS
38
Two Sigma Securities
New York
$167K +$169K +11,294 New
PWMAG
39
Pinnacle Wealth Management Advisory Group
New Jersey
$155K – – –
WIA
40
Wealthstreet Investment Advisors
Texas
$148K – – –
CFG
41
Citizens Financial Group
Rhode Island
$141K – – –
SWM
42
SeaCrest Wealth Management
New York
$111K – – –
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$108K – – –
SPIA
44
Steward Partners Investment Advisory
New York
$97K – – –
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$57K – – –
Fifth Third Bancorp
46
Fifth Third Bancorp
Ohio
$47K – – –
MPWT
47
MassMutual Private Wealth & Trust
Connecticut
$40K +$40.4K +2,698 New
RFC
48
Regions Financial Corp
Alabama
$37K – – –
CCM
49
Covington Capital Management
California
$30K – – –
IA
50
IFP Advisors
Florida
$15K +$105 +7 +0.7%
1
2
3

BKK Hedge Fund Activity: Q3 2018 in Review

53 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q3 2018, worth a combined $37.3M — down 9% from $41M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of BKK and 7 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 11 added.

The largest buyer was Stratos Wealth Partners, adding an estimated $337K. The largest seller was Morgan Stanley, cutting an estimated $1.9M.

  • 53 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q3 2018, down from 54 in Q2 2018.
  • Funds reported $37.3M of Blackrock Municipal 2020 Term Trust stock for Q3 2018, down 9% quarter-over-quarter.
  • 7 funds opened new Blackrock Municipal 2020 Term Trust positions in Q3 2018 and 8 closed out, a net change of -1 holder.
  • The largest Blackrock Municipal 2020 Term Trust buyer in Q3 2018 was Stratos Wealth Partners, an estimated $337K added.
  • The largest Blackrock Municipal 2020 Term Trust seller in Q3 2018 was Morgan Stanley, an estimated $1.9M sold.

Based on aggregated 13F filings for Q3 2018.