November 17, 2016 - By Marguerite Chambers · 0 Comments
Blackrock Strategic Municipal Trust (NYSE:BSD) institutional sentiment decreased to 0.89 in 2016 Q2. Its down -0.40, from 1.29 in 2016Q1. The ratio is negative, as 8 investment professionals increased or started new positions, while 9 sold and reduced stakes in Blackrock Strategic Municipal Trust. The investment professionals in our partner’s database now own: 576,000 shares, up from 528,906 shares in 2016Q1. Also, the number of investment professionals holding Blackrock Strategic Municipal Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 5 New Position: 3.
Blackrock Strategic Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $99.59 million. The Trust’s investment objective is to provide current income that is exempt from regular federal income tax and to invest in municipal bonds that over time will perform better than the broader municipal bond market. It currently has negative earnings. The Trust seeks to achieve its investment objective by investing, normally, over 80% of its assets in investments exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
About 3,922 shares traded hands. Blackrock Strategic Municipal Trust Fund (NYSE:BSD) has declined 9.04% since April 15, 2016 and is downtrending. It has underperformed by 13.67% the S&P500.
Lucas Capital Management holds 0.13% of its portfolio in Blackrock Strategic Municipal Trust Fund for 12,000 shares. Advisors Asset Management Inc. owns 209,704 shares or 0.05% of their US portfolio. Moreover, Grimes & Company Inc. has 0.03% invested in the company for 12,800 shares. The Quebec – Canada-based Fiera Capital Corp has invested 0.01% in the stock. Finemark National Bank & Trust, a Florida-based fund reported 4,500 shares.#img1#
BlackRock Strategic Municipal Trust (the Trust) is a diversified closed-end management investment company. The Trustâ€™s investment objective is to provide high current income, exempt from regular federal income tax, consistent with the preservation of capital. The Trust will invest at least 80% of its total assets in investment-grade securities, and may invest up to 20% of its total assets in securities rated Ba/BB or B or determined by BlackRock to be of equivalent credit quality at the time of purchase. The Trustâ€™s investment advisor is BlackRock Advisors, LLC (formerly known as BlackRock Advisors, Inc.).
More important recent Blackrock Strategic Municipal Trust Fund (NYSE:BSD) news were published by: Businesswire.com which released: “Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds” on July 01, 2016, also Businesswire.com published article titled: “BlackRock Announces Closing of Reorganization of Two BlackRock Pennsylvania …”, Streetinsider.com published: “Form NSAR-B BLACKROCK MUNICIPAL BOND For: Aug 31” on October 28, 2016. More interesting news about Blackrock Strategic Municipal Trust Fund (NYSE:BSD) was released by: Businesswire.com and their article: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” with publication date: May 05, 2014.
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By Marguerite Chambers