Blackrock Strategic Municipal Trust Fund (BSD) : Cardan Capital Partners scooped up 24,176 additional shares in Blackrock Strategic Municipal Trust Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 437,292 shares of Blackrock Strategic Municipal Trust Fund which is valued at $6,690,568.Blackrock Strategic Municipal Trust Fund makes up approximately 1.52% of Cardan Capital Partners’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc sold out all of its stake in BSD during the most recent quarter. The investment firm sold 8,610 shares of BSD which is valued $131,733. Grimes Company added BSD to its portfolio by purchasing 12,800 company shares during the most recent quarter which is valued at $195,840. Blackrock Strategic Municipal Trust Fund makes up approx 0.03% of Grimes Company’s portfolio.
Blackrock Strategic Municipal Trust Fund closed down -0.045 points or -0.29% at $15.305 with 31,962 shares getting traded on Friday. Post opening the session at $15.38, the shares hit an intraday low of $15.26 and an intraday high of $15.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Blackrock Strategic Municipal Trust is a diversified closed-end management investment company. 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. The Trust seeks to achieve its investment objective by investing at least 80% of its assets in investments exempt from federal income taxes. The Trust invests at least 80% of its assets in investment grade quality securities at the time of investment and primarily invests in municipal bonds with long-term maturities. It may invest directly in such securities or synthetically through the use of derivatives. The Trust’s investments include in sectors: transportation healthcare education corporate tobacco state and utilities among others. The Trust’s investment advisor and manager is BlackRock Advisors LLC which is an indirect wholly owned subsidiary of BlackRock Inc.