Advisor Group Inc. Sells 6,000 Shares of Blackrock Municipal 2020 Term Trust (BKK)

Advisor Group Inc. lessened its stake in Blackrock Municipal 2020 Term Trust (NYSE:BKK) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,004 shares of the company’s stock after selling 6,000 shares during the quarter. Advisor Group Inc.’s holdings in Blackrock Municipal 2020 Term Trust were worth $310,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BKK. Commonwealth Equity Services LLC grew its position in shares of Blackrock Municipal 2020 Term Trust by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 76,151 shares of the company’s stock valued at $1,123,000 after purchasing an additional 2,122 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Blackrock Municipal 2020 Term Trust by 55.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,854 shares of the company’s stock worth $352,000 after acquiring an additional 8,462 shares in the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in Blackrock Municipal 2020 Term Trust in the third quarter worth $218,000. First Trust Advisors LP purchased a new position in Blackrock Municipal 2020 Term Trust in the third quarter worth $183,000. Finally, Sigma Planning Corp purchased a new position in Blackrock Municipal 2020 Term Trust in the fourth quarter worth $177,000.

NYSE:BKK remained flat at $$15.02 during midday trading on Friday. 32,767 shares of the company traded hands, compared to its average volume of 46,610. Blackrock Municipal 2020 Term Trust has a one year low of $14.68 and a one year high of $15.20.

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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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