Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
50 hedge funds and large institutions have $34.3M invested in Blackrock Municipal 2020 Term Trust in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 22 reducing their positions, and 6 closing their positions.
6% less funds holding
Funds holding: 53 → 50 (-3)
8% less capital invested
Capital invested by funds: $37.3M → $34.3M (-$2.99M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
55% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.04M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$430K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$235K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$178K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.09M |
| 2 |
Morgan Stanley
New York
|
-$706K |
| 3 |
SLA
Silver Lake Advisory
Cottonwood Heights,
Utah
|
-$605K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$536K |
| 5 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$303K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
51
Cetera Advisors
Denver,
Colorado
| – | -$220K | -14,902 | Closed |
|
|
JFA
52
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$173K | -11,700 | Closed |
|
|
TSS
53
Two Sigma Securities
New York
| – | -$167K | -11,294 | Closed |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| – | -$97K | -6,541 | Closed |
|
55
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$56.3K | -3,804 | -100% |
|
BKK Hedge Fund Activity: Q4 2018 in Review
50 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q4 2018, worth a combined $34.3M — down 8% from $37.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BKK and 4 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 10 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $1.04M. The largest seller was Wells Fargo, cutting an estimated $2.09M.
- 50 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q4 2018, down from 53 in Q3 2018.
- Funds reported $34.3M of Blackrock Municipal 2020 Term Trust stock for Q4 2018, down 8% quarter-over-quarter.
- 4 funds opened new Blackrock Municipal 2020 Term Trust positions in Q4 2018 and 6 closed out, a net change of -2 holders.
- The largest Blackrock Municipal 2020 Term Trust buyer in Q4 2018 was Susquehanna International Group, an estimated $1.04M added.
- The largest Blackrock Municipal 2020 Term Trust seller in Q4 2018 was Wells Fargo, an estimated $2.09M sold.
Based on aggregated 13F filings for Q4 2018.