BLACKROCK 2037 MUNICIPAL TAR

CUSIP: 09262G108 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

Hennion & Walsh Asset Management, Inc.

Value ($000) $1,844 Shares 70,425

Institution	Shares	Value ($000)
Hennion & Walsh Asset Management, Inc.	70,425	$1,844

Increased Positions (8)

RAYMOND JAMES FINANCIAL INC

Value ($000) $1,900 (+130.3%) Shares 72,583 (+120.6%)

Dorsey & Whitney Trust CO LLC

Value ($000) $314 (+39.2%) Shares 12,000 (+33.3%)

ROYAL BANK OF CANADA

Value ($000) $835 (+78.0%) Shares 31,912 (+70.7%)

BANK OF AMERICA CORP /DE/

Value ($000) $3,024 (+15.8%) Shares 115,515 (+11.0%)

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

Value ($000) $355 (+22.8%) Shares 13,546 (+17.4%)

Narwhal Capital Management

Value ($000) $508 (+6.6%) Shares 19,392 (+2.1%)

Value ($000) $478 (+9.2%) Shares 18,264 (+4.6%)

VAN ECK ASSOCIATES CORP

Value ($000) $1 (+30.0%) Shares 34,447 (+24.5%)

Institution	Prev Shares	Curr Shares	Change
RAYMOND JAMES FINANCIAL INC	32,904	72,583	+39,679 (+120.6%)
Dorsey & Whitney Trust CO LLC	9,000	12,000	+3,000 (+33.3%)
ROYAL BANK OF CANADA	18,700	31,912	+13,212 (+70.7%)
BANK OF AMERICA CORP /DE/	104,095	115,515	+11,420 (+11.0%)
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	11,537	13,546	+2,009 (+17.4%)
Narwhal Capital Management	18,987	19,392	+405 (+2.1%)
Invesco Ltd.	17,462	18,264	+802 (+4.6%)
VAN ECK ASSOCIATES CORP	27,665	34,447	+6,782 (+24.5%)

Decreased Positions (2)

Value ($000) $1,614 (-18.2%) Shares 61,653 (-21.7%)

OSAIC HOLDINGS, INC.

Value ($000) $92 (-24.3%) Shares 3,500 (-30.0%)

Institution	Prev Shares	Curr Shares	Change
UBS Group AG	78,694	61,653	-17,041 (-21.7%)
OSAIC HOLDINGS, INC.	5,000	3,500	-1,500 (-30.0%)

Exited Positions (1)

Westside Investment Management, Inc.

Value ($000) $33 Shares 1,334

Institution	Prev Shares	Prev Value ($000)
Westside Investment Management, Inc.	1,334	$33