November 22, 2016 - By Louis Casey · 0 Comments
Blackrock New York Municipal 2018 Term Trust (NYSE:BLH) institutional sentiment decreased to 0.75 in Q2 2016. Its down -0.92, from 1.67 in 2016Q1. The ratio dropped, as 5 investment professionals increased or started new positions, while 3 decreased and sold positions in Blackrock New York Municipal 2018 Term Trust. The investment professionals in our partner’s database reported: 174,504 shares, up from 125,758 shares in 2016Q1. Also, the number of investment professionals holding Blackrock New York Municipal 2018 Term Trust in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 3 Increased: 3 New Position: 2.
BlackRock New York Municipal 2018 Term Trust is a non-diversified, closed-end management investment company. The company has a market cap of $54.57 million. The Trust’s investment objectives seek to provide current income exempt from regular federal income tax and to return dividends per common share (the initial offering price per common share) to holders of common shares. It currently has negative earnings. The Trust seeks to achieve its investment objectives by investing, under normal market conditions, 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 $14.99 during the last session. It is down 0.13% since April 20, 2016 and is downtrending. It has underperformed by 4.69% the S&P500.
Keeley Asset Management Corp holds 0.03% of its portfolio in Blackrock New York Municipal 2018 Term T for 45,476 shares. Advisory Services Network Llc owns 500 shares or 0% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 22,555 shares. The New York-based Blackrock Inc. has invested 0% in the stock. Citigroup Inc, a New York-based fund reported 333 shares.#img1#
BlackRock New York Municipal 2018 Term Trust (the Trust) is a non-diversified, closed-end management investment company. The Trustâ€™s investment objective is to provide monthly income that is exempt from regular federal, New York State and New York City personal income taxes. The Trust will invest at least 80% of its total assets in municipal bonds that are of investment-grade quality, or are 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 Trustâ€™s investment advisor is BlackRock Advisors, LLC (formerly known as BlackRock Advisors, Inc.). The Company’s sub-advisor is BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, Inc.
More notable recent Blackrock New York Municipal 2018 Term T (NYSE:BLH) news were published by: Latimes.com which released: “Why municipal bonds are in a nose dive since Trump’s election” on November 18, 2016, also Seekingalpha.com with their article: “Closed-End Target Date Muni Bond Funds Have A Good Yield And Low Interest Rate …” published on November 11, 2015, Moodys.com published: “Moody’s withdraws short-term ratings of VRDP shares issued by seven BlackRock …” on October 22, 2015. More interesting news about Blackrock New York Municipal 2018 Term T (NYSE:BLH) were released by: Pionline.com and their article: “Poland dismantles private funds in pension revamp” published on July 05, 2016 as well as Nytimes.com‘s news article titled: “Stocks Climb Under Heavy Clouds” with publication date: October 14, 2016.
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By Louis Casey