BLACKROCK MUN TARGET TERM TR BTT
COM SHS BEN IN · Closed-End Fund · CUSIP 09257P105
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($815.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.38. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 108 |
| Q4 2022 | 120 |
| Q1 2023 | 117 |
| Q2 2023 | 119 |
| Q3 2023 | 115 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 55 | 47 |
| Q1 2023 | 54 | 45 |
| Q2 2023 | 48 | 55 |
| Q3 2023 | 49 | 56 |
Biggest buyers
| Karpus Management, Inc. | Added | +355.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +311.0k |
| PATHSTONE FAMILY OFFICE, LLC | New | +218.9k |
| Merit Financial Group, LLC | Added | +202.6k |
| AQR Arbitrage LLC | Added | +180.3k |
| VAN ECK ASSOCIATES CORP | Added | +78.1k |
| ROBINSON CAPITAL MANAGEMENT, LLC | New | +70.0k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | New | +57.1k |
| Cerity Partners LLC | Added | +53.9k |
| CITADEL ADVISORS LLC | New | +48.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -251.2k |
| Veritable, L.P. | Sold out | -232.4k |
| COHEN & STEERS, INC. | Sold out | -74.6k |
| ARBOR CAPITAL MANAGEMENT INC /ADV | Sold out | -71.8k |
| WealthBridge Capital Management, LLC | Reduced | -67.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -61.2k |
| UBS Group AG | Reduced | -49.4k |
| STIFEL FINANCIAL CORP | Reduced | -29.5k |
| MONETA GROUP INVESTMENT ADVISORS LLC | Reduced | -28.2k |
| Jefferies Financial Group Inc. | Reduced | -21.9k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Karpus Management, Inc. 13G · institution +1.3 pts · filed 2025-11-14 | 6.9% |
Insider purchases and sales in Q3 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC 2.18% of their portfolio | 2.2m $42.0m | Added +311.0k |
| Karpus Management, Inc. 1.23% of their portfolio | 1.9m $36.7m | Added +355.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $34.4m | Reduced -251.2k |
| MacKay Shields LLC 0.73% of their portfolio | 1.4m $26.6m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $26.1m | Reduced -61.2k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 1.1m $20.6m | Unchanged |
| UBS Group AG 0.01% of their portfolio | 863.5k $16.8m | Reduced -49.4k |
| Narwhal Capital Management 1.29% of their portfolio | 545.3k $10.6m | Added +18.9k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 532.2k $10.3m | Reduced -29.5k |
| Merit Financial Group, LLC 0.34% of their portfolio | 532.0k $10.3m | Added +202.6k |
| Rockefeller Capital Management L.P. 0.04% of their portfolio | 504.4k $9.8m | Added +19.6k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 456.0k $8.8m | Added +78.1k |
| WealthBridge Capital Management, LLC 3.06% of their portfolio | 381.7k $7.4m | Reduced -67.2k |
| Hennion & Walsh Asset Management, Inc. 0.35% of their portfolio | 285.9k $5.5m | Added +1.1k |
| PATHSTONE FAMILY OFFICE, LLC 0.03% of their portfolio | 218.9k $4.2m | New |
| GILL CAPITAL PARTNERS, LLC 1.77% of their portfolio | 205.9k $4.0m | Added +1.9k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 1.52% of their portfolio | 201.2k $3.9m | Reduced -8.4k |
| LPL Financial LLC 0.00% of their portfolio | 198.4k $3.9m | Added +17.6k |
| AQR Arbitrage LLC 0.17% of their portfolio | 197.6k $3.8m | Added +180.3k |
| Cerity Partners LLC 0.02% of their portfolio | 195.8k $3.8m | Added +53.9k |
| SENTINEL TRUST CO LBA 0.46% of their portfolio | 167.1k $3.2m | Added +25.5k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 162.9k $3.2m | Reduced -19.2k |
| Jacobi Capital Management LLC 0.36% of their portfolio | 162.0k $3.1m | Added +34.6k |
| Amplius Wealth Advisors, LLC 0.39% of their portfolio | 149.7k $2.9m | Reduced -14.1k |
| Steward Partners Investment Advisory, LLC 0.04% of their portfolio | 131.7k $2.6m | Added +1.6k |
| Waterfront Wealth Inc. 0.78% of their portfolio | 123.2k $2.4m | Reduced -1.3k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 100.6k $2.0m | Reduced -3.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 93.1k $1.8m | Reduced -2.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 86.9k $1.7m | Added +17.0k |
| LexAurum Advisors, LLC 0.45% of their portfolio | 78.9k $1.5m | Reduced -1.5k |
| 1607 Capital Partners, LLC 0.10% of their portfolio | 72.0k $1.4m | Added +30.6k |
| Advisors Asset Management, Inc. 0.03% of their portfolio | 71.0k $1.4m | Added +22.9k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.60% of their portfolio | 70.0k $1.4m | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 65.4k $1.3m | Added +1.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 62.9k $1.2m | Reduced -6.2k |
| Advisory Services Network, LLC 0.03% of their portfolio | 59.7k $1.2m | Reduced -7.0k |
| PINNACLE ASSOCIATES LTD 0.02% of their portfolio | 59.0k $1.1m | Reduced -1.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 57.1k $1.1m | New |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.03% of their portfolio | 55.9k $1.1m | Reduced -6.4k |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.02% of their portfolio | 54.7k $1.1m | Reduced -28.2k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 54.1k $1.1m | Reduced -9.8k |
| Anchor Investment Management, LLC 0.13% of their portfolio | 53.2k $1.0m | Added +4.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 53.1k $1.0m | Added +8.7k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 51.3k $996.1k | Reduced -10.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 48.0k $932.2k | New |
| Integrated Wealth Concepts LLC 0.02% of their portfolio | 46.9k $911.3k | Added +27.0k |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 45.3k $879.4k | New |
| Logan Stone Capital, LLC 0.23% of their portfolio | 43.7k $847.7k | New |
| Oder Investment Management, LLC 0.91% of their portfolio | 43.3k $839.8k | Reduced -1.2k |
| Dakota Wealth Management 0.04% of their portfolio | 42.0k $815.2k | Added +29.0k |
| Private Advisor Group, LLC 0.01% of their portfolio | 41.1k $798.1k | Reduced -1.3k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.10% of their portfolio | 40.4k $785.1k | Added +12.9k |
| TrinityPoint Wealth, LLC 0.14% of their portfolio | 35.2k $683.1k | Reduced -5.8k |
| Almitas Capital LLC 0.31% of their portfolio | 33.4k $648.3k | New |
| CWM, LLC 0.00% of their portfolio | 30.8k $597.0k | Added +63 |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 30.0k $582.3k | Reduced -21.9k |
| Virtu Financial LLC 0.06% of their portfolio | 29.8k $577.0k | New |
| PALO ALTO WEALTH ADVISORS, LLC 0.48% of their portfolio | 29.4k $571.9k | Reduced -2.4k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 28.5k $553.5k | Added +6.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 25.8k $500.8k | Reduced -485 |
| ENCOMPASS WEALTH ADVISORS, LLC 0.16% of their portfolio | 24.4k $473.6k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 23.5k $456.4k | Unchanged |
| Successful Portfolios LLC 0.39% of their portfolio | 22.6k $438.8k | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 20.1k $390.8k | Added +3.5k |
| WHALEROCK POINT PARTNERS, LLC 0.13% of their portfolio | 20.0k $388.2k | New |
| Summit Financial Wealth Advisors, LLC 0.10% of their portfolio | 19.7k $398.6k | Reduced -1.0k |
| Covenant Asset Management, LLC 0.12% of their portfolio | 19.5k $377.7k | Reduced -2.4k |
| RAYMOND JAMES TRUST N.A. 0.01% of their portfolio | 19.4k $377.5k | Unchanged |
| Magnus Financial Group LLC 0.05% of their portfolio | 18.5k $359.7k | Added +14 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 18.2k $352.7k | Reduced -8.7k |
| Joel Isaacson & Co., LLC 0.02% of their portfolio | 18.1k $351.2k | Unchanged |
| Wealthcare Advisory Partners LLC 0.02% of their portfolio | 17.9k $347.7k | Reduced -544 |
| COMERICA BANK 0.00% of their portfolio | 17.8k $345.1k | New |
| Icon Wealth Partners, LLC 0.04% of their portfolio | 16.8k $326.6k | Unchanged |
| Cresset Asset Management, LLC 0.00% of their portfolio | 16.7k $325.9k | Reduced -56 |
| TRANSCEND CAPITAL ADVISORS, LLC 0.03% of their portfolio | 15.9k $308.8k | Reduced -2.0k |
| Tamar Securities, LLC 0.07% of their portfolio | 15.8k $306.5k | Reduced -691 |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 15.0k $292.0k | New |
| PRIVATE TRUST CO NA 0.04% of their portfolio | 15.0k $291.1k | New |
| Avior Wealth Management, LLC 0.02% of their portfolio | 14.9k $290.0k | Reduced -3.7k |
| US BANCORP \DE\ 0.00% of their portfolio | 14.8k $286.9k | Unchanged |
| Creative Planning 0.00% of their portfolio | 14.7k $284.8k | Unchanged |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 14.7k $284.7k | Added +2.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 14.1k $274.5k | Reduced -3.3k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 14.1k $274.0k | Reduced -3.2k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 13.5k $262.9k | Added +13 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 13.4k $259.6k | Added +11.3k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 13.3k $257.8k | Unchanged |
| Compass Financial Group, INC/SD 0.08% of their portfolio | 13.2k $255.4k | Added +2 |
| Stratos Wealth Partners, LTD. 0.01% of their portfolio | 13.2k $255.3k | Added +2.2k |
| Seed Wealth Management, Inc. 0.29% of their portfolio | 13.2k $255.2k | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 12.9k $251.4k | Unchanged |
| Chicago Partners Investment Group LLC 0.01% of their portfolio | 12.1k $233.2k | Reduced -11.4k |
| Tortoise Investment Management, LLC 0.03% of their portfolio | 11.7k $227.1k | Added +4.5k |
| Strategic Wealth Investment Group, LLC 0.04% of their portfolio | 11.0k $212.7k | Unchanged |
| Western Wealth Management, LLC 0.02% of their portfolio | 10.8k $209.5k | Unchanged |
| HARBOR INVESTMENT ADVISORY, LLC 0.03% of their portfolio | 10.6k $206.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 10.3k $201.0k | Added +19 |
| BESSEMER GROUP INC 0.00% of their portfolio | 6.1k $119.0k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.01% of their portfolio | 5.9k $114.8k | Reduced -1.8k |