Bronfman E.L. Rothschild L.P. purchased a new stake in Blackrock Municipal 2020 Term Trust (NYSE:BKK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,723 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC raised its stake in Blackrock Municipal 2020 Term Trust by 16.9% in the third quarter. Private Advisor Group LLC now owns 32,995 shares of the company’s stock valued at $489,000 after buying an additional 4,759 shares in the last quarter. Intl Fcstone Inc. raised its stake in Blackrock Municipal 2020 Term Trust by 62.2% in the third quarter. Intl Fcstone Inc. now owns 17,479 shares of the company’s stock valued at $259,000 after buying an additional 6,700 shares in the last quarter. Ronna Sue Cohen raised its stake in Blackrock Municipal 2020 Term Trust by 13.7% in the third quarter. Ronna Sue Cohen now owns 73,373 shares of the company’s stock valued at $1,087,000 after buying an additional 8,826 shares in the last quarter. JNBA Financial Advisors acquired a new stake in Blackrock Municipal 2020 Term Trust in the third quarter valued at $173,000. Finally, First Trust Advisors LP acquired a new stake in Blackrock Municipal 2020 Term Trust in the third quarter valued at $183,000.

Blackrock Municipal 2020 Term Trust stock opened at $14.78 on Friday. Blackrock Municipal 2020 Term Trust has a 1-year low of $14.70 and a 1-year high of $15.40.

The company also recently announced a monthly dividend, which will be paid on Monday, December 31st. Stockholders of record on Thursday, December 13th will be given a dividend of $0.0318 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, December 12th.

In other news, insider Blackrock Holdco 2, Inc. sold 8,028 shares of Blackrock Municipal 2020 Term Trust stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $14.76, for a total transaction of $118,493.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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About Blackrock Municipal 2020 Term Trust

BlackRock Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds exempt from federal income taxes.

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Institutional Ownership by Quarter for Blackrock Municipal 2020 Term Trust (NYSE:BKK)

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