Theodore R. Jaeckel Jr.

Theodore R. Jaeckel Jr. discloses dealings in 15 companies, chiefly Blackrock Muniholdings NEW Jersey Quality Fund, Inc., Blackrock Muniyield NEW Jersey Fund, Inc. and Blackrock Munivest Fund II, Inc. The record holds 80 filings, for trades running from 1 March 2016 to 31 January 2023.

Market trades split into 19 purchases (€630k) and 36 sales (€931k). Netting one side against the other leaves €300k of net selling. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Besides market trades, the filings include 12 option exercises.

A typical purchase (the median) is worth €33k. None of the 16 purchases we analysed coincided with buying by another insider of the same company within 30 days. Looking at 7 purchases old enough to measure, the stock rose over the following 90 days in 43% of cases; the median change was -0.3%. They describe history only and say nothing certain about the share price ahead.

The latest filing, published on 24 February 2023, reports a transaction in Blackrock Municipal Income Trust II. The last insider purchase was made public on 31 March 2022, 1,667 days ago. The median gap between a trade and its publication by SEC (Form 4) is 2 days. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.