Blackrock Municipal 2030 Targt Term Trst (NYSE:BTT) Director Richard Cavanagh acquired 500 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was acquired at an average cost of $22.64 per share, with a total value of $11,320.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

Blackrock Municipal 2030 Targt Term Trst (NYSE:BTT) opened at 22.62 on Friday. The firm has a 50-day moving average of $22.84 and a 200-day moving average of $22.97. Blackrock Municipal 2030 Targt Term Trst has a 12-month low of $21.09 and a 12-month high of $23.95.

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be paid a $0.0718 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.81%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Blackrock Municipal 2030 Targt Term Trst by 2.8% in the second quarter. Wells Fargo & Company MN now owns 540,350 shares of the company’s stock valued at $12,504,000 after purchasing an additional 14,619 shares in the last quarter. Veritable L.P. raised its stake in shares of Blackrock Municipal 2030 Targt Term Trst by 2.8% in the second quarter. Veritable L.P. now owns 415,061 shares of the company’s stock valued at $9,605,000 after purchasing an additional 11,136 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Blackrock Municipal 2030 Targt Term Trst by 5.7% in the second quarter. Punch & Associates Investment Management Inc. now owns 196,612 shares of the company’s stock valued at $4,550,000 after purchasing an additional 10,606 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Blackrock Municipal 2030 Targt Term Trst by 16.8% in the second quarter. Van ECK Associates Corp now owns 138,308 shares of the company’s stock valued at $3,200,000 after purchasing an additional 19,900 shares in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV raised its stake in shares of Blackrock Municipal 2030 Targt Term Trst by 4.0% in the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 130,400 shares of the company’s stock valued at $3,017,000 after purchasing an additional 5,000 shares in the last quarter.

About Blackrock Municipal 2030 Targt Term Trst

BlackRock Municipal 2030 Target Term Trust, formerly BlackRock Municipal Target Term Trust, is a closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25 per common share (the initial offering price per share) to holders of common shares on or about December 31, 2030.

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