Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) declared a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.0938 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 14th.
Blackrock 2037 Municipal Target Term Trust Stock Up 0.4%
Shares of BMN stock opened at $25.24 on Wednesday. The stock’s 50-day moving average is $25.60 and its two-hundred day moving average is $26.03. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $24.03 and a 1 year high of $27.96.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in BMN. Hennion & Walsh Asset Management Inc. increased its position in Blackrock 2037 Municipal Target Term Trust by 0.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after buying an additional 630 shares during the period. Bank of America Corp DE boosted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 6.1% in the first quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock valued at $3,179,000 after acquiring an additional 7,029 shares during the period. UBS Group AG boosted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% in the third quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after acquiring an additional 8,216 shares during the period. Van ECK Associates Corp grew its position in shares of Blackrock 2037 Municipal Target Term Trust by 24.5% during the fourth quarter. Van ECK Associates Corp now owns 34,447 shares of the company’s stock worth $902,000 after acquiring an additional 6,782 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% during the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after acquiring an additional 1,746 shares during the last quarter.
Blackrock 2037 Municipal Target Term Trust Company Profile
BlackRock 2037 Municipal Target Term Trust (NYSE:BMN) is a closed-end management investment company sponsored by BlackRock, Inc, one of the world’s largest asset managers. The trust was established to provide investors with exposure to a diversified portfolio of U.S. municipal securities and seeks to deliver federally tax-exempt income. As a target-term fund, BMN has a predetermined termination date of January 23, 2037, at which time the trust’s assets will be liquidated and net proceeds distributed to shareholders.
The fund’s investment objective is current income exempt from regular U.S.
Further Reading
- Five stocks we like better than Blackrock 2037 Municipal Target Term Trust
- Fastly’s Q2 Rally Shows Investors Are Buying the Edge AI Turnaround
- Paramount’s 30-Film Promise Puts AMC Back in the Box Office Conversation
- DraftKings’ Predictions Push Could Be the Bet That Matters Most
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
Receive News & Ratings for Blackrock 2037 Municipal Target Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock 2037 Municipal Target Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.
