Magnus Financial Group LLC Grows Position in Blackrock Municipal 2020 Term Trust (NYSE:BKK)

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Magnus Financial Group LLC increased its holdings in Blackrock Municipal 2020 Term Trust (NYSE:BKK) by 53.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,140 shares of the company’s stock after acquiring an additional 6,640 shares during the quarter. Magnus Financial Group LLC’s holdings in Blackrock Municipal 2020 Term Trust were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BKK. Roundview Capital LLC lifted its position in shares of Blackrock Municipal 2020 Term Trust by 20.8% during the first quarter. Roundview Capital LLC now owns 58,660 shares of the company’s stock valued at $881,000 after buying an additional 10,100 shares during the last quarter. Lantz Financial LLC purchased a new stake in shares of Blackrock Municipal 2020 Term Trust during the first quarter valued at about $559,000. Sigma Planning Corp lifted its position in shares of Blackrock Municipal 2020 Term Trust by 15.8% during the first quarter. Sigma Planning Corp now owns 13,893 shares of the company’s stock valued at $209,000 after buying an additional 1,893 shares during the last quarter. NEXT Financial Group Inc purchased a new stake in shares of Blackrock Municipal 2020 Term Trust during the second quarter valued at about $51,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Blackrock Municipal 2020 Term Trust during the second quarter valued at about $42,000.

Shares of BKK stock remained flat at $$15.09 during mid-day trading on Tuesday. 1,900 shares of the company’s stock traded hands, compared to its average volume of 38,008. The stock’s 50-day moving average price is $15.08 and its two-hundred day moving average price is $15.04. Blackrock Municipal 2020 Term Trust has a 1-year low of $14.68 and a 1-year high of $15.14.

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

About Blackrock Municipal 2020 Term Trust

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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