BLACKROCK INVT QUALITY MUN T

Ticker: XBKNX CUSIP: 09247D105 Class: OM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (7)

Sienna Gestion

Value ($000) $24,640 Shares 22,859

River Street Advisors LLC

Value ($000) $121 Shares 10,804

NWF Advisory Services Inc.

Value ($000) $112 Shares 10,000

READYSTATE ASSET MANAGEMENT LP

Value ($000) $136 Shares 12,174

Elyxium Wealth, LLC

Value ($000) $27 Shares 2,452

XTX Topco Ltd

Value ($000) $127 Shares 11,352

CITADEL ADVISORS LLC

Value ($000) $223 Shares 19,908

Institution	Shares	Value ($000)
Sienna Gestion	22,859	$24,640
River Street Advisors LLC	10,804	$121
NWF Advisory Services Inc.	10,000	$112
READYSTATE ASSET MANAGEMENT LP	12,174	$136
Elyxium Wealth, LLC	2,452	$27
XTX Topco Ltd	11,352	$127
CITADEL ADVISORS LLC	19,908	$223

Increased Positions (18)

Robinson Capital Management, LLC

Value ($000) $1,785 (+38.6%) Shares 159,331 (+40.3%)

RIVERNORTH CAPITAL MANAGEMENT, LLC

Value ($000) $12,315 (+2.9%) Shares 1,099,596 (+4.2%)

Ackerman Capital Advisors, LLC

Value ($000) $665 (+26.7%) Shares 59,374 (+28.2%)

Koshinski Asset Management, Inc.

Value ($000) $966 (+24.6%) Shares 86,260 (+26.2%)

Arlington Capital Management, Inc.

Value ($000) $261 (+5.4%) Shares 23,344 (+6.7%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $1,347 (+29.3%) Shares 120,297 (+30.9%)

SIT INVESTMENT ASSOCIATES INC

Value ($000) $2 (+55.8%) Shares 175,447 (+57.8%)

Cetera Investment Advisers

Value ($000) $2,034 (+13.7%) Shares 181,581 (+15.1%)

UBS Group AG

Value ($000) $408 (+211.4%) Shares 36,414 (+215.3%)

Fiera Capital Corp

Value ($000) $1,847 (+5.0%) Shares 164,950 (+6.3%)

OSAIC HOLDINGS, INC.

Value ($000) $252 (+118.8%) Shares 22,537 (+110.1%)

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

Value ($000) $336 (+9.8%) Shares 30,029 (+11.2%)

Ashton Thomas Private Wealth, LLC

Value ($000) $171 (+11.9%) Shares 15,300 (+13.3%)

WELLS FARGO & COMPANY/MN

Value ($000) $405 (+5.6%) Shares 36,127 (+6.9%)

HighTower Advisors, LLC

Value ($000) $235 (+9.3%) Shares 20,989 (+10.7%)

Stratos Wealth Partners, LTD.

Value ($000) $846 (-0.0%) Shares 75,570 (+1.2%)

Rockefeller Capital Management L.P.

Value ($000) $241 (+0.8%) Shares 21,514 (+2.0%)

VAN ECK ASSOCIATES CORP

Value ($000) $2 (+24.3%) Shares 142,195 (+25.8%)

Institution	Prev Shares	Curr Shares	Change
Robinson Capital Management, LLC	113,545	159,331	+45,786 (+40.3%)
RIVERNORTH CAPITAL MANAGEMENT, LLC	1,054,917	1,099,596	+44,679 (+4.2%)
Ackerman Capital Advisors, LLC	46,300	59,374	+13,074 (+28.2%)
Koshinski Asset Management, Inc.	68,360	86,260	+17,900 (+26.2%)
Arlington Capital Management, Inc.	21,875	23,344	+1,469 (+6.7%)
WOLVERINE ASSET MANAGEMENT LLC	91,870	120,297	+28,427 (+30.9%)
SIT INVESTMENT ASSOCIATES INC	111,172	175,447	+64,275 (+57.8%)
Cetera Investment Advisers	157,765	181,581	+23,816 (+15.1%)
UBS Group AG	11,549	36,414	+24,865 (+215.3%)
Fiera Capital Corp	155,201	164,950	+9,749 (+6.3%)
OSAIC HOLDINGS, INC.	10,729	22,537	+11,808 (+110.1%)
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	27,011	30,029	+3,018 (+11.2%)
Ashton Thomas Private Wealth, LLC	13,500	15,300	+1,800 (+13.3%)
WELLS FARGO & COMPANY/MN	33,800	36,127	+2,327 (+6.9%)
HighTower Advisors, LLC	18,964	20,989	+2,025 (+10.7%)
Stratos Wealth Partners, LTD.	74,642	75,570	+928 (+1.2%)
Rockefeller Capital Management L.P.	21,082	21,514	+432 (+2.0%)
VAN ECK ASSOCIATES CORP	113,019	142,195	+29,176 (+25.8%)

Decreased Positions (13)

Hennion & Walsh Asset Management, Inc.

Value ($000) $3,487 (-6.7%) Shares 311,324 (-5.5%)

TRAPHAGEN INVESTMENT ADVISORS LLC

Value ($000) $124 (-50.4%) Shares 11,115 (-49.7%)

MORGAN STANLEY

Value ($000) $4,884 (-18.4%) Shares 436,115 (-17.4%)

BANK OF AMERICA CORP /DE/

Value ($000) $2,100 (-9.0%) Shares 187,543 (-7.9%)

TRUIST FINANCIAL CORP

Value ($000) $231 (-32.2%) Shares 20,621 (-31.3%)

Creative Planning

Value ($000) $143 (-38.9%) Shares 12,799 (-38.2%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $362 (-16.7%) Shares 32,310 (-15.6%)

LPL Financial LLC

Value ($000) $2,149 (-3.0%) Shares 191,912 (-1.8%)

AMERIPRISE FINANCIAL INC

Value ($000) $1,446 (-2.6%) Shares 129,131 (-1.4%)

BANK OF MONTREAL /CAN/

Value ($000) $140 (-9.0%) Shares 12,515 (-7.9%)

ROYAL BANK OF CANADA

Value ($000) $176 (-5.9%) Shares 15,752 (-4.7%)

Decker Retirement Planning Inc.

Value ($000) $0 (-95.1%) Shares 10 (-95.0%)

MAI Capital Management

Value ($000) $242 (-3.1%) Shares 21,568 (-1.9%)

Institution	Prev Shares	Curr Shares	Change
Hennion & Walsh Asset Management, Inc.	329,445	311,324	-18,121 (-5.5%)
TRAPHAGEN INVESTMENT ADVISORS LLC	22,115	11,115	-11,000 (-49.7%)
MORGAN STANLEY	527,688	436,115	-91,573 (-17.4%)
BANK OF AMERICA CORP /DE/	203,589	187,543	-16,046 (-7.9%)
TRUIST FINANCIAL CORP	30,028	20,621	-9,407 (-31.3%)
Creative Planning	20,699	12,799	-7,900 (-38.2%)
RAYMOND JAMES FINANCIAL INC	38,288	32,310	-5,978 (-15.6%)
LPL Financial LLC	195,450	191,912	-3,538 (-1.8%)
AMERIPRISE FINANCIAL INC	130,912	129,131	-1,781 (-1.4%)
BANK OF MONTREAL /CAN/	13,584	12,515	-1,069 (-7.9%)
ROYAL BANK OF CANADA	16,528	15,752	-776 (-4.7%)
Decker Retirement Planning Inc.	200	10	-190 (-95.0%)
MAI Capital Management	21,985	21,568	-417 (-1.9%)

Exited Positions (6)

Logan Stone Capital, LLC

Value ($000) $506 Shares 44,654

LANDSCAPE CAPITAL MANAGEMENT, L.L.C.

Value ($000) $197 Shares 17,372

StoneX Group Inc.

Value ($000) $118 Shares 10,339

Pathstone Holdings, LLC

Value ($000) $514 Shares 45,328

Atlantic Union Bankshares Corp

Value ($000) $83 Shares 7,300

FNY Investment Advisers, LLC

Value ($000) $0 Shares 300

Institution	Prev Shares	Prev Value ($000)
Logan Stone Capital, LLC	44,654	$506
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	17,372	$197
StoneX Group Inc.	10,339	$118
Pathstone Holdings, LLC	45,328	$514
Atlantic Union Bankshares Corp	7,300	$83
FNY Investment Advisers, LLC	300	$0