Walter Keenan Financial Consulting Co Mi Adv buys $2,042,880 stake in Blackrock Municipal 2020 Term Trust (BKK)

Blackrock Municipal 2020 Term Trust (BKK) : Walter Keenan Financial Consulting Co Mi Adv scooped up 2,000 additional shares in Blackrock Municipal 2020 Term Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 121,600 shares of Blackrock Municipal 2020 Term Trust which is valued at $2,042,880.Blackrock Municipal 2020 Term Trust makes up approximately 0.57% of Walter Keenan Financial Consulting Co Mi Adv’s portfolio.

Other Hedge Funds, Including , Wolverine Asset Management boosted its stake in BKK in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 4,060 shares of Blackrock Municipal 2020 Term Trust which is valued at $68,208. Blackrock Municipal 2020 Term Trust makes up approx 0.01% of Wolverine Asset Management’s portfolio. Rmb Capital Management added BKK to its portfolio by purchasing 28,573 company shares during the most recent quarter which is valued at $465,454. Blackrock Municipal 2020 Term Trust makes up approx 0.03% of Rmb Capital Management’s portfolio.Advisory Services Network boosted its stake in BKK in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 39,900 shares of Blackrock Municipal 2020 Term Trust which is valued at $647,976. Blackrock Municipal 2020 Term Trust makes up approx 0.14% of Advisory Services Network’s portfolio.

Blackrock Municipal 2020 Term Trust opened for trading at $16.58 and hit $16.76 on the upside on Thursday, eventually ending the session at $16.58, with a gain of 0.36% or 0.06 points. The heightened volatility saw the trading volume jump to 52,562 shares. Company has a market cap of $336 M.

BlackRock Municipal 2020 Term Trust is a closed-end management investment trust. 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. The Trust seeks to achieve its investment objectives by investing under normal market conditions 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). The Trust invests under normal market conditions at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment. The Trust invests in a range of sectors including transportation health state utilities county/city/special district/school district corporate education tobacco and housing. BlackRock Advisors LLC is the investment advisor of the Trust.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *