Notable Reporting: Blackrock Municipal 2020 Term Trust (NYSE:BKK) Institutional Investor Positioning Change

November 17, 2016 - By Adrian Mccoy   ·   0 Comments

Notable Reporting: Blackrock Municipal 2020 Term Trust (NYSE:BKK) Institutional Investor Positioning Change

Sentiment for Blackrock Municipal 2020 Term Trust (NYSE:BKK)

Blackrock Municipal 2020 Term Trust (NYSE:BKK) institutional sentiment decreased to 1.14 in Q2 2016. Its down -1.57, from 2.71 in 2016Q1. The ratio has worsened, as 16 investment professionals increased and opened new holdings, while 14 cut down and sold their stock positions in Blackrock Municipal 2020 Term Trust. The investment professionals in our partner’s database now hold: 1.84 million shares, down from 1.93 million shares in 2016Q1. Also, the number of investment professionals holding Blackrock Municipal 2020 Term Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 6 Increased: 13 New Position: 3.

BlackRock Municipal 2020 Term Trust is a closed-end management investment trust. The company has a market cap of $317.32 million. The Trust’s investment is to provide current income exempt from regular federal income tax and to return $15 per Common Share (the initial offering price per Common Share) to holders of Common Shares on or about December 31, 2020. It currently has negative earnings. The Trust focuses on achieving its investment objectives by investing, under normal market conditions, approximately 80% of 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 $15.76 during the last session. It is down 1.93% since April 15, 2016 and is downtrending. It has underperformed by 6.55% the S&P500.

Lehman Financial Resources Inc. holds 2.22% of its portfolio in Blackrock Municipal 2020 Term Trust for 270,417 shares. Walter & Keenan Financial Consulting Co Mi Adv owns 121,600 shares or 1.11% of their US portfolio. Moreover, Ronna Sue Cohen has 0.97% invested in the company for 79,776 shares. The California-based Alpha Cubed Investments Llc has invested 0.75% in the stock. Advisory Services Network Llc, a Georgia-based fund reported 39,900 shares.#img1#

BKK Company Profile

BlackRock Municipal 2020 Term Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from 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 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 (Moody’s), Standard & Poor’s (S&P) or Fitch Ratings (Fitch), or that are unrated but judged to be of comparable quality by BlackRock. The Trust’s investment advisor is BlackRock Advisors, LLC (formerly known as BlackRock Advisors, Inc.).

More important recent Blackrock Municipal 2020 Term Trust (NYSE:BKK) news were published by: Businesswire.com which released: “BlackRock Municipal 2020 Term Trust Announces Partial Redemption of Auction …” on October 07, 2016, also Businesswire.com published article titled: “BlackRock Closed-End Term Trusts Review of Liquidity for Outstanding Auction …”, Businesswire.com published: “Certain BlackRock Closed-End Funds Announce Redemption of Auction Rate …” on October 17, 2014. More interesting news about Blackrock Municipal 2020 Term Trust (NYSE:BKK) was released by: Seekingalpha.com and their article: “Closed-End Target Date Muni Bond Funds Have A Good Yield And Low Interest Rate …” with publication date: November 11, 2015.

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By Adrian Mccoy


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