November 22, 2016 - By Clifton Ray · 0 Comments
Blackrock Florida Municipal 2020 Term Trust (NYSE:BFO) institutional sentiment increased to 2.33 in Q2 2016. Its up 1.16, from 1.17 in 2016Q1. The ratio is better, as 7 funds started new or increased holdings, while 6 sold and decreased stock positions in Blackrock Florida Municipal 2020 Term Trust. The funds in our partner’s database now own: 422,113 shares, down from 1.40 million shares in 2016Q1. Also, the number of funds holding Blackrock Florida Municipal 2020 Term Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 2 Increased: 6 New Position: 1.
BlackRock Florida Municipal 2020 Term Trust is a non-diversified, closed-end management investment company. The company has a market cap of $84.25 million. The Trust’s investment objectives are to provide current income exempt from regular federal income tax and Florida intangible personal property tax and to return $15 per common share (the initial offering price per share) to holders of common shares on or about December 31, 2020. It currently has negative earnings. The Trust seeks to achieve its investment objectives by investing at least 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) and Florida intangible personal property tax.
The stock increased 0.78% or $0.12 on November 21, hitting $15.13. BlackRock Florida Municipal 2020 Term Tr (NYSE:BFO) has declined 0.20% since April 20, 2016 and is downtrending. It has underperformed by 4.75% the S&P500.
Mackay Shields Llc holds 0.15% of its portfolio in BlackRock Florida Municipal 2020 Term Tr for 203,891 shares. North Star Investment Management Corp. owns 19,500 shares or 0.05% of their US portfolio. Moreover, Ancora Advisors Llc has 0.03% invested in the company for 14,500 shares. The Illinois-based Rmb Capital Management Llc has invested 0.01% in the stock. Sit Investment Associates Inc, a Minnesota-based fund reported 18,785 shares.#img1#
BlackRock Florida Municipal 2020 Term Trust (the Trust) is a non-diversified, closed-end management investment company. The Trustâ€™s investment objective is to provide current exempt from federal income tax and Florida intangible personal property 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 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 Florida Municipal 2020 Term Tr (NYSE:BFO) news were published by: Businesswire.com which released: “BlackRock Closed-End Term Trusts Review of Liquidity for Outstanding Auction …” on February 12, 2013, also Businesswire.com with their article: “Certain BlackRock Closed-End Funds Announce Redemption of Auction Rate …” published on October 17, 2014, Businesswire.com published: “Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds” on September 02, 2014. More interesting news about BlackRock Florida Municipal 2020 Term Tr (NYSE:BFO) were released by: Investmentnews.com and their article: “Workers and employers would be forced to save 3% of pay under new retirement …” published on March 02, 2016 as well as Pionline.com‘s news article titled: “Central States Teamsters pension fund returns -0.81% in 2015” with publication date: April 18, 2016.
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By Clifton Ray