BlackRock Municipal 2030 Target Term Trust
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.36M |
| 2 |
Morgan Stanley
New York
|
+$1.54M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.02M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$904K |
| 5 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$596K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$18.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.34M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.16M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.19M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
101
Karpus Investment Management
Pittsford,
New York
| – | -$18.1M | -780,347 | Closed |
|
|
MIG
102
Mariner Investment Group
Harrison,
New York
| – | -$1.19M | -51,400 | Closed |
|
|
DWM
103
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$552K | -23,800 | Closed |
|
104
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$446K | -19,223 | Closed |
|
|
LNC
105
Lincoln National Corp
Radnor,
Pennsylvania
| – | -$271K | -11,654 | Closed |
|
|
GTAM
106
Global Trust Asset Management
West Palm Beach,
Florida
| – | -$236K | -10,007 | Closed |
|
|
IWA
107
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$62K | -2,692 | Closed |
|
|
MWC
108
MKD Wealth Coaches
Troy,
Michigan
| – | -$6K | -237 | Closed |
|
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.