Blackrock Municipal 2020 Term Trust
BKK
BKK was delisted on the 15th of December, 2020.
49 hedge funds and large institutions have $30.7M invested in Blackrock Municipal 2020 Term Trust in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 14 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
7% more funds holding
Funds holding: 46 → 49 (+3)
1% more capital invested
Capital invested by funds: $30.3M → $30.7M (+$425K)
57% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$642K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$354K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$341K |
| 4 |
VF
Virtu Financial
New York
|
+$253K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$333K |
| 2 |
LDFR
Lehman & Derafelo Financial Resources
Media,
Pennsylvania
|
-$265K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$231K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$180K |
| 5 |
Morgan Stanley
New York
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWMAG
51
Pinnacle Wealth Management Advisory Group
Red Bank,
New Jersey
| – | -$160K | -10,675 | Closed |
|
|
SWM
52
SeaCrest Wealth Management
Purchase,
New York
| – | -$78K | -5,200 | Closed |
|
|
RFC
53
Regions Financial Corp
Birmingham,
Alabama
| – | -$12K | -825 | Closed |
|
54
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$11K | -733 | -98% |
|
BKK Hedge Fund Activity: Q2 2019 in Review
49 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Blackrock Municipal 2020 Term Trust (BKK) for Q2 2019, worth a combined $30.7M — up 1.4% from $30.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new BKK positions and 5 closed out — a net gain of 3 holders — while 6 added to existing stakes and 14 trimmed.
The largest buyer was Prospera Financial Services, opening a new position worth an estimated $642K. The largest seller was Millennium Management, exiting entirely with an estimated $333K sold.
- 49 institutional investors held Blackrock Municipal 2020 Term Trust (BKK) as of Q2 2019, up from 46 in Q1 2019.
- Funds reported $30.7M of Blackrock Municipal 2020 Term Trust stock for Q2 2019, up 1.4% quarter-over-quarter.
- 8 funds opened new Blackrock Municipal 2020 Term Trust positions in Q2 2019 and 5 closed out, a net change of +3 holders.
- The largest Blackrock Municipal 2020 Term Trust buyer in Q2 2019 was Prospera Financial Services, an estimated $642K added.
- The largest Blackrock Municipal 2020 Term Trust seller in Q2 2019 was Millennium Management, an estimated $333K sold.
Based on aggregated 13F filings for Q2 2019.