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 ($527.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.75.
Trends to Q2 2026
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 |
| Q4 2023 | 127 |
| Q1 2024 | 123 |
| Q2 2024 | 128 |
| Q3 2024 | 128 |
| Q4 2024 | 141 |
| Q1 2025 | 134 |
| Q2 2025 | 132 |
| Q3 2025 | 140 |
| Q4 2025 | 142 |
| Q1 2026 | 145 |
| Q2 2026 | 141 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 52 | 54 |
| Q4 2024 | 70 | 50 |
| Q1 2025 | 57 | 56 |
| Q2 2025 | 57 | 51 |
| Q3 2025 | 61 | 54 |
| Q4 2025 | 62 | 51 |
| Q1 2026 | 59 | 58 |
| Q2 2026 | 57 | 55 |
Biggest buyers
| SENTINEL TRUST CO LBA | Added | +437.9k |
| MacKay Shields LLC | Added | +401.7k |
| Hennion & Walsh Asset Management, Inc. | Added | +166.1k |
| Advisors Asset Management, Inc. | Added | +55.2k |
| HRT FINANCIAL LP | New | +43.7k |
| Bluespring Wealth Management, LLC | New | +30.8k |
| LPL Financial LLC | Added | +27.4k |
| COHEN & STEERS, INC. | Added | +26.0k |
| Pathstone Holdings, LLC | Added | +25.4k |
| Beverly Hills Private Wealth, LLC | Added | +25.2k |
Biggest sellers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -388.4k |
| Narwhal Capital Management | Sold out | -357.1k |
| 1607 Capital Partners, LLC | Reduced | -98.2k |
| Matisse Capital | Sold out | -81.6k |
| UBS Group AG | Reduced | -53.5k |
| Karpus Management, Inc. | Reduced | -48.1k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -42.5k |
| Independent Advisor Alliance | Sold out | -31.9k |
| Rockefeller Capital Management L.P. | Reduced | -30.1k |
| Steward Partners Investment Advisory, LLC | Reduced | -26.9k |
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 since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $211 | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-01 | Soccio Phillip Portfolio Manager | Sold | $40.5k1.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Karpus Management, Inc. 3.04% of their portfolio | 4.6m $105.6m | Reduced -48.1k |
| MacKay Shields LLC 1.50% of their portfolio | 2.0m $44.8m | Added +401.7k |
| Pathstone Holdings, LLC 0.11% of their portfolio | 1.6m $37.3m | Added +25.4k |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 1.6m $35.6m | Added +3.5k |
| Almitas Capital LLC 8.10% of their portfolio | 1.5m $33.8m | Reduced -800 |
| Tortoise Investment Management, LLC 2.41% of their portfolio | 1.4m $32.3m | Added +19.3k |
| SENTINEL TRUST CO LBA 2.57% of their portfolio | 1.3m $29.0m | Added +437.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $28.9m | Added +21.1k |
| Hennion & Walsh Asset Management, Inc. 0.51% of their portfolio | 783.7k $17.8m | Added +166.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 719.9k $16.4m | Reduced -25.2k |
| UBS Group AG 0.00% of their portfolio | 654.4k $14.9m | Reduced -53.5k |
| LPL Financial LLC 0.00% of their portfolio | 516.3k $11.7m | Added +27.4k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 507.9k $11.6m | Added +17.2k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.68% of their portfolio | 498.6k $11.3m | Reduced -42.5k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.53% of their portfolio | 493.0k $11.2m | Reduced -388.4k |
| Merit Financial Group, LLC 0.06% of their portfolio | 441.0k $10.0m | Reduced -1.6k |
| 1607 Capital Partners, LLC 0.57% of their portfolio | 287.2k $6.5m | Reduced -98.2k |
| Beverly Hills Private Wealth, LLC 1.11% of their portfolio | 253.3k $5.8m | Added +25.2k |
| Focus Partners Wealth 0.00% of their portfolio | 214.2k $4.9m | Reduced -26.3k |
| Jacobi Capital Management LLC 0.23% of their portfolio | 208.0k $4.7m | Added +3.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 203.2k $4.6m | Added +1.3k |
| WealthBridge Capital Management, LLC 0.86% of their portfolio | 191.2k $4.4m | Reduced -4.7k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 178.2k $4.1m | Added +55.2k |
| Dakota Wealth Management 0.07% of their portfolio | 166.7k $3.8m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 144.0k $3.3m | Added +3.4k |
| Elgethun Capital Management 0.44% of their portfolio | 137.3k $3.1m | Added +132 |
| Scarborough Advisors, LLC 0.31% of their portfolio | 119.5k $2.7m | Reduced -1.0k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 119.0k $2.7m | Added +26.0k |
| Maltin Wealth Management, Inc. 0.89% of their portfolio | 117.6k $2.7m | Reduced -6.6k |
| Hara Capital LLC 1.38% of their portfolio | 114.4k $2.6m | Reduced -5.9k |
| Eldridge Investment Advisors, Inc. 0.48% of their portfolio | 107.5k $2.4m | Reduced -154 |
| Amplius Wealth Advisors, LLC 0.17% of their portfolio | 100.3k $2.3m | Reduced -3.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 93.6k $2.1m | Reduced -6.8k |
| Waterfront Wealth Inc. 0.33% of their portfolio | 92.9k $2.1m | Reduced -6.4k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 81.3k $1.8m | Reduced -30.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 80.7k $1.8m | Added +448 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 78.6k $1.8m | Reduced -631 |
| PARK AVENUE SECURITIES LLC 0.01% of their portfolio | 76.9k $1.7m | Reduced -6.1k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.40% of their portfolio | 71.4k $1.6m | Unchanged |
| Fiera Capital Corp 0.01% of their portfolio | 67.0k $1.5m | Added +22.6k |
| PETRA FINANCIAL ADVISORS INC 0.67% of their portfolio | 63.7k $1.4m | Added +6.7k |
| Invesco Ltd. 0.00% of their portfolio | 61.8k $1.4m | Added +20.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 61.7k $1.4m | Added +5.4k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 60.7k $1.4m | Added +6.8k |
| Seed Wealth Management, Inc. 0.85% of their portfolio | 59.2k $1.3m | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.40% of their portfolio | 56.6k $1.3m | Added +7.5k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 51.7k $1.2m | Unchanged |
| Private Advisor Group, LLC 0.01% of their portfolio | 51.4k $1.2m | Added +8.1k |
| PINNACLE ASSOCIATES LTD 0.01% of their portfolio | 50.0k $1.1m | Reduced -2.0k |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 49.5k $1.1m | Added +21.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 48.1k $1.1m | Reduced -3.5k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 47.8k $1.1m | Added +1.9k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 47.4k $1.1m | Unchanged |
| Oder Investment Management, LLC 0.72% of their portfolio | 47.2k $1.1m | Added +4.0k |
| Gridiron Partners, LLC 0.55% of their portfolio | 45.6k $1.0m | Reduced -21.7k |
| HRT FINANCIAL LP 0.00% of their portfolio | 43.7k $994.0k | New |
| Wellspring Financial Advisors, LLC 0.06% of their portfolio | 38.1k $866.5k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 36.5k $831.0k | Reduced -2.7k |
| B. Riley Wealth Advisors, Inc. 0.04% of their portfolio | 33.3k $753.3k | Reduced -13.5k |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 32.3k $734.9k | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 32.2k $732.7k | Reduced -9.2k |
| EVOLVE PRIVATE WEALTH, LLC 0.04% of their portfolio | 31.6k $721.3k | Reduced -2.5k |
| Bluespring Wealth Management, LLC 0.01% of their portfolio | 30.8k $700.9k | New |
| PRIVATE TRUST CO NA 0.06% of their portfolio | 30.7k $697.7k | Unchanged |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 30.6k $695.2k | Unchanged |
| Summit Trail Advisors, LLC 0.01% of their portfolio | 29.1k $661.3k | Added +9.3k |
| Cerity Partners LLC 0.00% of their portfolio | 28.3k $643.2k | Added +6.2k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 26.9k $612.7k | Added +653 |
| Andrew Hill Investment Advisors, Inc. 0.43% of their portfolio | 25.7k $584.8k | Reduced -150 |
| &PARTNERS 0.00% of their portfolio | 25.3k $576.2k | Added +459 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 24.4k $555.9k | Added +10.7k |
| ENCOMPASS WEALTH ADVISORS, LLC 0.17% of their portfolio | 24.4k $555.1k | Unchanged |
| Closed-End Fund Advisors, Inc. 0.53% of their portfolio | 23.6k $538.0k | Reduced -229 |
| READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio | 23.6k $537.7k | New |
| Wilmington Savings Fund Society, FSB 0.01% of their portfolio | 23.5k $534.0k | Unchanged |
| Aviance Capital Partners, LLC 0.06% of their portfolio | 23.3k $530.4k | Reduced -18 |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 23.2k $528.8k | Reduced -26.9k |
| Avise Financial Cooperative, Inc. 0.37% of their portfolio | 23.2k $527.0k | Added +3.5k |
| HighTower Advisors, LLC 0.00% of their portfolio | 22.3k $507.3k | Reduced -8.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.1k $501.8k | Reduced -6.9k |
| Magnus Financial Group LLC 0.03% of their portfolio | 21.5k $488.3k | Added +39 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 21.1k $479.9k | Reduced -1.3k |
| M&T Bank Corp 0.00% of their portfolio | 20.0k $456.6k | Added +788 |
| Successful Portfolios LLC 0.21% of their portfolio | 20.0k $457.7k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 19.6k $446.0k | Added +10.1k |
| Advisory Services Network, LLC 0.01% of their portfolio | 19.6k $445.9k | Reduced -991 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 18.8k $427.3k | Added +4.5k |
| Icon Wealth Advisors, LLC 0.02% of their portfolio | 16.8k $382.8k | Unchanged |
| Concurrent Investment Advisors, LLC 0.00% of their portfolio | 16.3k $370.8k | Unchanged |
| Avior Wealth Management, LLC 0.01% of their portfolio | 15.8k $360.4k | Added +73 |
| CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio | 15.5k $353.3k | Added +2.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 15.5k $353.2k | Reduced -1.6k |
| Ritter Daniher Financial Advisory LLC / DE 0.05% of their portfolio | 15.4k $350.4k | Added +93 |
| Cetera Investment Advisers 0.00% of their portfolio | 15.2k $344.8k | Added +4.2k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.04% of their portfolio | 14.6k $331.0k | Unchanged |
| Covenant Asset Management, LLC 0.06% of their portfolio | 14.1k $320.5k | Reduced -4.4k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.22% of their portfolio | 14.0k $318.5k | Reduced -4.3k |
| Edge Wealth Management LLC 0.05% of their portfolio | 13.0k $295.8k | Unchanged |
| 49 WEALTH MANAGEMENT, LLC 0.05% of their portfolio | 12.3k $280.3k | New |
| ALONGSIDE, LLC 0.05% of their portfolio | 12.3k $280.3k | First filing |