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BlackRock Municipal 2030 Target Term Trust
BTT

100 hedge funds and large institutions have $262M invested in BlackRock Municipal 2030 Target Term Trust in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 21

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

2% more funds holding

Funds holding: 98 → 100 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.66% less ownership

Funds ownership: 16.85% → 16.19% (-0.66%)

4% less capital invested

Capital invested by funds: $274M → $262M (-$12.1M)

Holders
100
Holders Change
+2
Holders Change %
+2.04%
% of All Funds
2.19%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
11
Increased
40
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.36M
2
Morgan Stanley
Morgan Stanley
New York
+$1.54M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.02M
4
FFA
First Foundation Advisors
California
+$904K
5
NCM
Narwhal Capital Management
Georgia
+$596K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$18.1M
2
Wells Fargo
Wells Fargo
California
-$2.34M
3
UBS Group
UBS Group
Switzerland
-$2.16M
4
MIG
Mariner Investment Group
New York
-$1.19M
5
Bank of America
Bank of America
North Carolina
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
51
Covenant Asset Management
New Jersey
$508K +$507K +21,450 New
Cohen & Steers
52
Cohen & Steers
New York
$504K +$332K +14,060 +194%
OFG
53
OTA Financial Group
New York
$464K +$464K +19,647 New
Creative Planning
54
Creative Planning
Kansas
$450K +$79.6K +3,371 +22%
SWP
55
Stratos Wealth Partners
Ohio
$436K -$68.5K -2,900 -14%
US Bancorp
56
US Bancorp
Minnesota
$427K +$87.8K +3,720 +26%
SFWA
57
Summit Financial Wealth Advisors
Louisiana
$419K +$8.27K +350 +2%
IWP
58
Icon Wealth Partners
Texas
$398K – – –
Mercer Global Advisors
59
Mercer Global Advisors
Colorado
$369K -$57.3K -2,426 -13%
DAC
60
Dividend Assets Capital
South Carolina
$338K +$338K +14,300 New
CCWA
61
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$335K +$334K +14,160 New
GP
62
Geneva Partners
Wisconsin
$332K +$2.17K +92 +0.7%
SCM
63
Schnieders Capital Management
California
$284K – – –
WS
64
Wedbush Securities
California
$278K -$22.8K -966 -8%
TJHA
65
Thomas J. Herzfeld Advisors
Florida
$265K -$106K -4,470 -28%
AWA
66
Arete Wealth Advisors
Illinois
$258K – – –
CAMG
67
CWA Asset Management Group
Florida
$258K – – –
EWA
68
EP Wealth Advisors
California
$237K – – –
AAS
69
Avantax Advisory Services
Texas
$237K +$236K +10,014 New
HH
70
Hilltop Holdings
Texas
$215K – – –
GC
71
Guggenheim Capital
Illinois
$210K +$210K +8,889 New
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$205K +$110K +4,679 +118%
SMFS
73
Squar Milner Financial Services
California
$204K +$58.2K +2,466 +43%
Carson Wealth (CWM LLC)
74
Carson Wealth (CWM LLC)
Nebraska
$202K – – –
TIM
75
Tortoise Investment Management
New York
$202K – – –
1 2
3
4 5

BTT Hedge Fund Activity: Q3 2019 in Review

100 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q3 2019, worth a combined $262M — down 4.4% from $274M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new BTT positions and 9 closed out — a net gain of 2 holders — while 40 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.36M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $18.1M sold.

  • 100 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q3 2019, up from 98 in Q2 2019.
  • Funds reported $262M of BlackRock Municipal 2030 Target Term Trust stock for Q3 2019, down 4.4% quarter-over-quarter.
  • 11 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q3 2019 and 9 closed out, a net change of +2 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q3 2019 was Rivernorth Capital Management, an estimated $6.36M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q3 2019 was Karpus Investment Management, an estimated $18.1M sold.

Based on aggregated 13F filings for Q3 2019.