Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
46 hedge funds and large institutions have $30.3M invested in Blackrock Municipal 2020 Term Trust in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 15 reducing their positions, and 11 closing their positions.
8% less funds holding
Funds holding: 50 → 46 (-4)
12% less capital invested
Capital invested by funds: $34.3M → $30.3M (-$4.01M)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
47% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$370K |
| 2 |
Millennium Management
New York
|
+$331K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$277K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$220K |
| 5 |
MAS
Managed Account Services
Coconut Grove,
Florida
|
+$202K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.23M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.03M |
| 3 |
VanEck Associates
New York
|
-$610K |
| 4 |
Morgan Stanley
New York
|
-$507K |
| 5 |
SLA
Silver Lake Advisory
Cottonwood Heights,
Utah
|
-$479K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAG
51
Private Advisor Group
Morristown,
New Jersey
| – | -$308K | -20,842 | Closed |
|
|
WAM
52
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$217K | -14,723 | Closed |
|
|
SG
53
StoneX Group
New York
| – | -$159K | -10,779 | Closed |
|
54
First Trust Advisors
Wheaton,
Illinois
| – | -$154K | -10,413 | Closed |
|
|
NFG
55
Next Financial Group
Houston,
Texas
| – | -$50K | -3,367 | Closed |
|
|
MPWT
56
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$39.8K | -2,698 | Closed |
|
|
IA
57
IFP Advisors
Tampa,
Florida
| – | -$15K | -998 | Closed |
|
BKK Hedge Fund Activity: Q1 2019 in Review
46 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q1 2019, worth a combined $30.3M — down 12% from $34.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BKK and 7 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 8 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $370K. The largest seller was Bank of America, cutting an estimated $2.23M.
- 46 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q1 2019, down from 50 in Q4 2018.
- Funds reported $30.3M of Blackrock Municipal 2020 Term Trust stock for Q1 2019, down 12% quarter-over-quarter.
- 7 funds opened new Blackrock Municipal 2020 Term Trust positions in Q1 2019 and 11 closed out, a net change of -4 holders.
- The largest Blackrock Municipal 2020 Term Trust buyer in Q1 2019 was Ladenburg Thalmann Financial Services, an estimated $370K added.
- The largest Blackrock Municipal 2020 Term Trust seller in Q1 2019 was Bank of America, an estimated $2.23M sold.
Based on aggregated 13F filings for Q1 2019.