November 16, 2016 - By Hazel Jackson · 0 Comments
Blackrock Municipal Bond Trust (NYSE:BBK) institutional sentiment increased to 1.3 in Q2 2016. Its up 0.38, from 0.92 in 2016Q1. The ratio has improved, as 13 active investment managers increased and started new holdings, while 10 sold and reduced their stock positions in Blackrock Municipal Bond Trust. The active investment managers in our partner’s database now possess: 589,859 shares, down from 705,345 shares in 2016Q1. Also, the number of active investment managers holding Blackrock Municipal Bond Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 6 Increased: 8 New Position: 5.
BlackRock Municipal Bond Trust, incorporated on February 15,2002, is a perpetual closed-end municipal bond fund. The company has a market cap of $156.22 million. The investment objective is to provide current income exempt from regular Federal income taxes. It currently has negative earnings. Under normal market conditions, the Trust will invest at least 80% of its total assets in municipal bonds that are investment grade quality, or determined by the Adviser to be of equivalent credit quality at time of purchase.
The stock increased 1.58% or $0.24 on November 15, hitting $15.39. BlackRock Municipal Bond Trust (NYSE:BBK) has declined 10.68% since April 14, 2016 and is downtrending. It has underperformed by 15.37% the S&P500.
Robinson Capital Management Llc holds 0.68% of its portfolio in BlackRock Municipal Bond Trust for 65,512 shares. Provise Management Group Llc owns 82,476 shares or 0.27% of their US portfolio. Moreover, Investment Centers Of America Inc has 0.08% invested in the company for 23,983 shares. The Georgia-based Capital Investment Advisors Llc has invested 0.02% in the stock. Highlander Capital Management Llc, a New Jersey-based fund reported 1,000 shares.#img1#
BlackRock Municipal Bond Trust (the Trust) is a closed-end municipal bond fund. The Trust’s investment objective is to provide current income exempt from regular federal income taxes. The Trust invests at least 80% of its total assets in municipal bonds that are of investment-grade quality, or determined by its investment advisor to be of equivalent credit quality at the time of purchase. The Trust may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB or B by Moodyâ€™s Investors Service (Moody’s), Standard & Poorâ€™s (S&P) or Fitch Ratings (Fitch), or that are unrated but judged to be of comparable quality by the Trustâ€™s investment advisor.
Another recent and important BlackRock Municipal Bond Trust (NYSE:BBK) news was published by Nasdaq.com which published an article titled: “Blackrock Municipal Bond Trust (BBK) Ex-Dividend Date Scheduled for October 12 …” on October 11, 2016.
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By Hazel Jackson