BlackRock Massachusetts Tax-Exempt Trust
MHE was delisted on the 16th of April, 2021.
12 hedge funds and large institutions have $2.27M invested in BlackRock Massachusetts Tax-Exempt Trust in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
26% more capital invested
Capital invested by funds: $1.8M → $2.27M (+$469K)
9% more funds holding
Funds holding: 11 → 12 (+1)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$326K |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$180K |
| 3 |
Morgan Stanley
New York
|
+$37.8K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$11.5K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.73K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$52.8K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$26.9K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$26K |
| 4 |
WEC
Winslow Evans & Crocker
Boston,
Massachusetts
|
-$26K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $642K | -$52.8K | -3,931 | -8% |
|
|
2
Morgan Stanley
New York
| $616K | +$37.8K | +2,813 | +7% |
|
|
KAS
3
Kestra Advisory Services
Austin,
Texas
| $323K | +$326K | +24,294 | New |
|
|
4
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $180K | +$180K | +13,400 | New |
|
|
RT
5
Rockland Trust
Hanover,
Massachusetts
| $172K | – | – | – |
|
|
6
Commonwealth Equity Services
Waltham,
Massachusetts
| $152K | -$26K | -1,939 | -15% |
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $87K | – | – | – |
|
|
RIM
8
Rockbridge Investment Management
Syracuse,
New York
| $39K | – | – | – |
|
|
9
UBS Group
Zurich,
Switzerland
| $20K | -$26.9K | -2,000 | -57% |
|
10
Osaic Holdings
Scottsdale,
Arizona
| $17K | +$107 | +8 | +0.6% |
|
|
11
Wells Fargo
San Francisco,
California
| $14K | +$6.73K | +501 | +92% |
|
|
WAM
12
Wolverine Asset Management
Chicago,
Illinois
| $11K | +$11.5K | +854 | New |
|
|
WEC
13
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$26K | -2,000 | Closed |
|
|
TRCT
14
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
MHE Hedge Fund Activity: Q4 2020 in Review
12 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in BlackRock Massachusetts Tax-Exempt Trust (MHE) for Q4 2020, worth a combined $2.27M — up 26% from $1.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new MHE positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 3 trimmed.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $326K. The largest seller was Bank of America, cutting an estimated $52.8K.
- 12 institutional investors held BlackRock Massachusetts Tax-Exempt Trust (MHE) as of Q4 2020, up from 11 in Q3 2020.
- Funds reported $2.27M of BlackRock Massachusetts Tax-Exempt Trust stock for Q4 2020, up 26% quarter-over-quarter.
- 3 funds opened new BlackRock Massachusetts Tax-Exempt Trust positions in Q4 2020 and 2 closed out, a net change of +1 holder.
- The largest BlackRock Massachusetts Tax-Exempt Trust buyer in Q4 2020 was Kestra Advisory Services, an estimated $326K added.
- The largest BlackRock Massachusetts Tax-Exempt Trust seller in Q4 2020 was Bank of America, an estimated $52.8K sold.
Based on aggregated 13F filings for Q4 2020.