BlackRock Strategic Municipal Trust (BSD) Is Forming Bearish Multiple Bottom at $12.62

June 27, 2018 - By Alice Reed

Big Money Sentiment increased to 4.25 in Q1 2018. It has change of 2.92, from 2017Q4’s 1.33. The ratio increased due to BlackRock Strategic Municipal Trust positioning: 3 sold and 1 reduced. 11 funds bought positions and 6 increased positions. Investors holded 471,013 in 2017Q4 but now own 1.02 million shares or 116.50% more.
Royal Fincl Bank Of Canada accumulated 1,802 shs. Morgan Stanley accumulated 0% or 20,646 shs. Fincl Bank Of America De reported 3,486 shs stake. Sit Inv Associates has 0.01% invested in BlackRock Strategic Municipal Trust (NYSE:BSD) for 26,421 shs. Wells Fargo Co Mn, California-based fund reported 6,901 shs. Lucas Cap Mngmt stated it has 0.15% of its capital in BlackRock Strategic Municipal Trust (NYSE:BSD). Karpus Inc owns 18,260 shs for 0.01% of their capital. The Illinois-based Guggenheim Capital Limited has invested 0% in BlackRock Strategic Municipal Trust (NYSE:BSD). Cohen & Steers stated it has 59,716 shs. Minnesota-based Us Comml Bank De has invested 0% in BlackRock Strategic Municipal Trust (NYSE:BSD). Park Avenue Securities Limited Co, New York-based fund reported 13,144 shs. Wolverine Asset Mgmt Limited Liability Co has 30,180 shs. 18,433 were reported by Landscape Capital Management Limited Liability Com. Fifth Third State Bank has invested 0% in BlackRock Strategic Municipal Trust (NYSE:BSD). Sei Invests has 2,000 shs.

With $11.74 price target BlackRock Strategic Municipal Trust (BSD) shows a multiple bottoms chart setup. That’s 7.00 % below today’s $12.62 stock price. Finviz.com featured the multiple bottoms chart setup on Jun, 27. At $11.74 stock price target, the company valuation changes by $6.46 million less.

$12.62 was the last price.Since June 27, 2017 it’s 8.36% down thus downtrending. BSD underperformed the S&P500 by 20.93%.

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