Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Major Shareholder Acquires $70,548.60 in Stock

Posted by Stanley Muller on Oct 29th, 2026

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) major shareholder Of America Corp /De/ Bank acquired 3,070 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were purchased at an average cost of $22.98 per share, for a total transaction of $70,548.60. Following the acquisition, the insider directly owned 3,070 shares in the company, valued at $70,548.60. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.7%

Blackrock 2037 Municipal Target Term Trust stock traded up $0.17 on Thursday, hitting $22.98. The company’s stock had a trading volume of 17,919 shares, compared to its average volume of 14,399. The company has a fifty day moving average price of $23.65 and a 200-day moving average price of $25.43. Blackrock 2037 Municipal Target Term Trust has a one year low of $21.28 and a one year high of $27.96.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0993 per share. This represents a $1.19 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, December 11th.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 0.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock valued at $3,394,000 after buying an additional 630 shares during the period. Van ECK Associates Corp boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 6.3% during the 2nd quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after acquiring an additional 2,154 shares during the period. DUTCH ASSET Corp lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 30.3% during the 1st quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock worth $300,000 after buying an additional 2,689 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter worth approximately $103,000. Finally, Bank of America Corp DE boosted its position 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.

Blackrock 2037 Municipal Target Term Trust Company Profile

(Get Free Report)

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company sponsored and managed by BlackRock. The fund is designed to provide current income that is exempt from regular U.S. federal income tax, although some income may be subject to the alternative minimum tax or state and local taxes.

BMN invests primarily in a portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, public authorities and similar governmental entities.