Walter & Keenan Financial Consulting Co. MI ADV decreased its stake in shares of Blackrock Municipal 2020 Term Trust (NYSE:BKK) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,100 shares of the company’s stock after selling 4,500 shares during the quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Blackrock Municipal 2020 Term Trust were worth $1,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Managed Account Services Inc. bought a new position in Blackrock Municipal 2020 Term Trust in the 1st quarter worth approximately $203,000. Lantz Financial LLC bought a new position in Blackrock Municipal 2020 Term Trust in the 1st quarter worth approximately $559,000. Sigma Planning Corp boosted its stake in Blackrock Municipal 2020 Term Trust by 15.8% in the 1st quarter. Sigma Planning Corp now owns 13,893 shares of the company’s stock worth $209,000 after purchasing an additional 1,893 shares during the period. Magnus Financial Group LLC bought a new position in Blackrock Municipal 2020 Term Trust in the 1st quarter worth approximately $188,000. Finally, Roundview Capital LLC boosted its stake in Blackrock Municipal 2020 Term Trust by 20.8% in the 1st quarter. Roundview Capital LLC now owns 58,660 shares of the company’s stock worth $881,000 after purchasing an additional 10,100 shares during the period.

BKK stock traded up $0.01 during midday trading on Wednesday, hitting $15.06. The company’s stock had a trading volume of 14,436 shares, compared to its average volume of 38,352. Blackrock Municipal 2020 Term Trust has a 12 month low of $14.68 and a 12 month high of $15.14. The business has a 50 day moving average price of $15.07.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.35 annualized dividend and a yield of 2.31%.

Blackrock Municipal 2020 Term Trust Company Profile

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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