Cohen & Steers Inc. lifted its position in BlackRock Municipal Bond Trust (NYSE:BBK) by 107.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,732 shares of the financial services provider’s stock after purchasing an additional 29,877 shares during the quarter. Cohen & Steers Inc.’s holdings in BlackRock Municipal Bond Trust were worth $772,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BBK. MML Investors Services LLC acquired a new stake in shares of BlackRock Municipal Bond Trust in the 3rd quarter valued at about $139,000. Virtu Financial LLC purchased a new stake in BlackRock Municipal Bond Trust during the 3rd quarter valued at approximately $150,000. Envestnet Asset Management Inc. purchased a new stake in BlackRock Municipal Bond Trust during the 3rd quarter valued at approximately $198,000. Financial & Investment Management Group Ltd. purchased a new stake in BlackRock Municipal Bond Trust during the 4th quarter valued at approximately $508,000. Finally, Van ECK Associates Corp raised its stake in BlackRock Municipal Bond Trust by 12.8% during the 4th quarter. Van ECK Associates Corp now owns 41,316 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 4,686 shares during the last quarter.
BBK opened at $14.24 on Friday. BlackRock Municipal Bond Trust has a 52 week low of $13.06 and a 52 week high of $14.45.
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BlackRock Municipal Bond Trust Profile
BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.
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