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BlackRock Municipal 2030 Target Term Trust
BTT

68 hedge funds and large institutions have $188M invested in BlackRock Municipal 2030 Target Term Trust in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 5

69% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 16

10% more funds holding

Funds holding: 62 → 68 (+6)

0.07% more ownership

Funds ownership: 12.14% → 12.21% (+0.07%)

9% less capital invested

Capital invested by funds: $207M → $188M (-$19.5M)

Holders
68
Holders Change
+6
Holders Change %
+9.68%
% of All Funds
1.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
27
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
V
Veritable
Delaware
+$1.43M
2
SG Americas Securities
SG Americas Securities
New York
+$1.08M
3
Invesco
Invesco
Georgia
+$952K
4
Bank of America
Bank of America
North Carolina
+$880K
5
LPL Financial
LPL Financial
California
+$752K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$2.05M
2
VanEck Associates
VanEck Associates
New York
-$1.96M
3
Morgan Stanley
Morgan Stanley
New York
-$1.37M
4
UBS Group
UBS Group
Switzerland
-$1.31M
5
Citigroup
Citigroup
New York
-$732K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$43.7M -$1.31M -58,333 -3%
Wells Fargo
2
Wells Fargo
California
$27.9M -$2.05M -91,025 -7%
Bank of America
3
Bank of America
North Carolina
$25.2M +$880K +39,114 +4%
Morgan Stanley
4
Morgan Stanley
New York
$23.8M -$1.37M -60,984 -5%
V
5
Veritable
Delaware
$8.81M +$1.43M +63,578 +19%
LFR
6
Lehman Financial Resources
Pennsylvania
$4.5M -$22.5K -1,000 -0.5%
PAIM
7
Punch & Associates Investment Management
Minnesota
$3.99M +$85.5K +3,800 +2%
RJA
8
Raymond James & Associates
Florida
$3.72M -$205K -9,107 -5%
MSL
9
Mackay Shields LLC
New York
$3.66M – – –
LPL Financial
10
LPL Financial
California
$3.29M +$752K +33,387 +29%
VanEck Associates
11
VanEck Associates
New York
$3.03M -$1.96M -87,273 -39%
WKWM
12
Walter & Keenan Wealth Management
Indiana
$2.83M +$22.5K +1,000 +0.8%
PCP
13
Proficio Capital Partners
Massachusetts
$2.58M – – –
Stifel Financial
14
Stifel Financial
Missouri
$2.07M +$252K +11,199 +13%
FFA
15
First Foundation Advisors
California
$1.97M +$189K +8,393 +10%
Baird Financial Group
16
Baird Financial Group
Wisconsin
$1.88M +$26K +1,155 +1%
NCM
17
Narwhal Capital Management
Georgia
$1.75M +$1.46K +65 +0.1%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$1.5M +$100K +4,453 +7%
HCM
19
Harvey Capital Management
Florida
$1.48M – – –
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$1.44M +$223K +9,926 +18%
Citigroup
21
Citigroup
New York
$1.31M -$732K -32,511 -35%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$1.26M +$705K +31,312 +118%
PA
23
Pinnacle Associates
New York
$1.24M -$15.7K -699 -1%
First Trust Advisors
24
First Trust Advisors
Illinois
$1.16M +$282K +12,529 +31%
SG Americas Securities
25
SG Americas Securities
New York
$1.05M +$1.08M +48,179 New
1
2 3

BTT Hedge Fund Activity: Q4 2016 in Review

68 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock Municipal 2030 Target Term Trust (BTT) for Q4 2016, worth a combined $188M — down 9.4% from $207M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BTT positions and 5 closed out — a net gain of 7 holders — while 27 added to existing stakes and 16 trimmed.

The largest buyer was Veritable, adding an estimated $1.43M. The largest seller was Wells Fargo, cutting an estimated $2.05M.

  • 68 institutional investors held BlackRock Municipal 2030 Target Term Trust (BTT) as of Q4 2016, up from 62 in Q3 2016.
  • Funds reported $188M of BlackRock Municipal 2030 Target Term Trust stock for Q4 2016, down 9.4% quarter-over-quarter.
  • 12 funds opened new BlackRock Municipal 2030 Target Term Trust positions in Q4 2016 and 5 closed out, a net change of +7 holders.
  • The largest BlackRock Municipal 2030 Target Term Trust buyer in Q4 2016 was Veritable, an estimated $1.43M added.
  • The largest BlackRock Municipal 2030 Target Term Trust seller in Q4 2016 was Wells Fargo, an estimated $2.05M sold.

Based on aggregated 13F filings for Q4 2016.