Advisory Services Network buys $894,882 stake in BlackRock Municipal Target Term Trust (BTT)

BlackRock Municipal Target Term Trust (BTT) : Advisory Services Network scooped up 4,051 additional shares in BlackRock Municipal Target Term Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 37,711 shares of BlackRock Municipal Target Term Trust which is valued at $894,882.BlackRock Municipal Target Term Trust makes up approximately 0.17% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Summit Financial Wealth Advisors boosted its stake in BTT in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 10,000 shares of BlackRock Municipal Target Term Trust which is valued at $238,400. BlackRock Municipal Target Term Trust makes up approx 0.10% of Summit Financial Wealth Advisors’s portfolio.

BlackRock Municipal Target Term Trust is a non-diversified closed-end management investment company. The Trust’s investment objectives are to provide current income exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25.00 per common share to the holders of common shares on or about December 31 2030. The Trust seeks to invest at least 80% of its assets in municipal bonds exempt from federal income taxes. The Trust manages the maturity of its bonds to seek to have a dollar weighted average maturity approximately equal to the Trust’s maturity date. The Trust may invest directly in such securities or synthetically through the use of derivatives. It invests in a range of sectors such as transportation health county/city/special district/school district education corporate utilities state housing and tobacco. BlackRock Advisors LLC is the investment adviser of the Trust.

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