12,500 Shares in Blackrock Municipal 2020 Term Trust (BKK) Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC purchased a new position in shares of Blackrock Municipal 2020 Term Trust (NYSE:BKK) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKK. Sigma Planning Corp bought a new position in shares of Blackrock Municipal 2020 Term Trust during the 4th quarter valued at about $177,000. Commonwealth Equity Services LLC increased 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 during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Blackrock Municipal 2020 Term Trust by 55.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,854 shares of the company’s stock valued at $352,000 after purchasing an additional 8,462 shares during the last quarter. Roundview Capital LLC increased its position in shares of Blackrock Municipal 2020 Term Trust by 2.1% during the 4th quarter. Roundview Capital LLC now owns 48,560 shares of the company’s stock valued at $717,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Lehman & Derafelo Financial Resources LLC bought a new position in shares of Blackrock Municipal 2020 Term Trust during the 4th quarter valued at about $1,830,000.

Shares of BKK stock opened at $15.07 on Monday. Blackrock Municipal 2020 Term Trust has a 1-year low of $14.68 and a 1-year high of $15.19.

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.0318 per share. This represents a $0.38 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, May 14th.

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Blackrock Municipal 2020 Term Trust 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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