November 17, 2016 - By Darrin Black · 0 Comments
Blackrock Municipal 2018 Term Trust (NYSE:BPK) institutional sentiment decreased to 1.15 in Q2 2016. Its down -0.52, from 1.67 in 2016Q1. The ratio dived, as 15 investment managers increased and opened new positions, while 13 decreased and sold stock positions in Blackrock Municipal 2018 Term Trust. The investment managers in our partner’s database now have: 1.19 million shares, up from 1.00 million shares in 2016Q1. Also, the number of investment managers holding Blackrock Municipal 2018 Term Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 8 Increased: 11 New Position: 4.
BlackRock Municipal 2018 Term Trust is a diversified closed-end management investment company. The company has a market cap of $239.10 million. The Trust’s investment objectives seek to provide current income exempt from regular federal and California income taxes and to return dividends per common share to holders of common shares. It currently has negative earnings. The Trust seeks to achieve its investment objectives by investing its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
The stock closed at $15.02 during the last session. It is down 1.89% since April 15, 2016 and is downtrending. It has underperformed by 6.52% the S&P500.
Walter & Keenan Financial Consulting Co Mi Adv holds 0.34% of its portfolio in Blackrock Municipal 2018 Term Trust for 40,000 shares. Doliver Capital Advisors Inc. owns 17,240 shares or 0.22% of their US portfolio. Moreover, Advisory Services Network Llc has 0.15% invested in the company for 42,900 shares. The Georgia-based Narwhal Capital Management has invested 0.1% in the stock. Capital Advisors Ltd. Llc, a Ohio-based fund reported 8,098 shares.#img1#
BlackRock Municipal 2018 Term Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide monthly income that is exempt from regular federal income tax. The Trust will invest at least 80% of its total assets in municipal bonds that are of investment-grade quality, or determined by BlackRock, Inc. (BlackRock) 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 Moody’s Investors Service, Standard & Poor’s or Fitch Ratings, or that are unrated but judged to be of comparable quality by BlackRock.
More important recent Blackrock Municipal 2018 Term Trust (NYSE:BPK) news were published by: Businesswire.com which released: “BlackRock Closed-End Term Trusts Review of Liquidity for Outstanding Auction …” on February 12, 2013, also Seekingalpha.com published article titled: “Closed-End Target Date Muni Bond Funds Have A Good Yield And Low Interest Rate …”, Businesswire.com published: “Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds” on July 01, 2016. More interesting news about Blackrock Municipal 2018 Term Trust (NYSE:BPK) was released by: Businesswire.com and their article: “Certain BlackRock Closed-End Funds Announce Redemption of Auction Rate …” with publication date: October 17, 2014.
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By Darrin Black