Blackrock Municipal 2030 Target Term Trust (NYSE:BTT – Get Free Report) announced a monthly dividend on Thursday, September 10th. Investors of record on Friday, November 13th will be given a dividend of $0.0464 per share on Tuesday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, November 13th.
Blackrock Municipal 2030 Target Term Trust Stock Performance
Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $22.51 on Wednesday. The business’s 50 day moving average price is $22.10 and its 200 day moving average price is $22.57. Blackrock Municipal 2030 Target Term Trust has a one year low of $21.30 and a one year high of $23.24.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTT. Allspring Global Investments Holdings LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 14.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,794,332 shares of the company’s stock valued at $39,188,000 after acquiring an additional 230,472 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 5.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,502,116 shares of the company’s stock worth $32,806,000 after purchasing an additional 81,642 shares during the period. Sentinel Trust Co. LBA raised its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 37.3% in the 1st quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock worth $18,994,000 after purchasing an additional 227,104 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 26.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 783,682 shares of the company’s stock valued at $17,829,000 after purchasing an additional 166,122 shares in the last quarter. Finally, Narwhal Capital Management acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 3rd quarter valued at about $7,801,000.
Blackrock Municipal 2030 Target Term Trust Company Profile
BlackRock Municipal 2030 Target Term Trust (NYSE:BTT) is a closed-end management investment company sponsored and managed by BlackRock. The trust seeks to provide current income that is exempt from regular U.S. federal income tax, with a secondary objective of preserving capital and generating potential capital appreciation. The trust invests primarily in municipal obligations issued by states, territories, and possessions of the United States, as well as their political subdivisions and agencies.
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