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BKK

Blackrock Municipal 2020 Term Trust

Delisted

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.

New
Increased
Maintained
Reduced
Closed

8% less funds holding

Funds holding: 5046 (-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

Holders
46
Holders Change
-4
Holders Change %
-8%
% of All Funds
1%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
8
Reduced
15
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$4.72M +$277K +18,516 +6%
Bank of America
2
Bank of America
North Carolina
$4.03M -$2.23M -149,302 -36%
Morgan Stanley
3
Morgan Stanley
New York
$2.69M -$507K -33,862 -16%
LDFR
4
Lehman & Derafelo Financial Resources
Pennsylvania
$1.86M
NL
5
NWAM LLC
Washington
$1.55M
Wells Fargo
6
Wells Fargo
California
$1.4M -$121K -8,074 -8%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$1.11M -$28.7K -1,920 -3%
WKWM
8
Walter & Keenan Wealth Management
Indiana
$1.09M -$157K -10,500 -13%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$1.08M +$370K +24,741 +52%
SWP
10
Stratos Wealth Partners
Ohio
$971K -$44.1K -2,950 -4%
Stifel Financial
11
Stifel Financial
Missouri
$900K +$4.59K +307 +0.5%
RC
12
Roundview Capital
New Jersey
$881K +$151K +10,100 +21%
Ameriprise
13
Ameriprise
Minnesota
$704K +$18.6K +1,241 +3%
JCM
14
Jacobi Capital Management
Pennsylvania
$655K +$1.36K +91 +0.2%
LF
15
Lantz Financial
Illinois
$559K +$557K +37,208 New
RIA
16
Realta Investment Advisors
Delaware
$481K +$479K +32,051 New
PCP
17
Proficio Capital Partners
Massachusetts
$428K -$49.9K -3,335 -10%
LNB
18
Ledyard National Bank
$394K
Millennium Management
19
Millennium Management
New York
$333K +$331K +22,140 New
RJFSA
20
Raymond James Financial Services Advisors
Florida
$325K -$32.7K -2,183 -9%
SMC
21
Smith, Moore & Co
Missouri
$316K
AG
22
Advisor Group
Arizona
$315K
WIC
23
Whitegate Investment Counselors
New Hampshire
$306K -$8.97K -600 -3%
EWM
24
Edge Wealth Management
New York
$274K
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$263K -$83.6K -5,586 -24%

BKK Hedge Fund Activity: Q1 2019 in Review

46 of the 4,620 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.