Hennion & Walsh Asset Management Inc. Buys Shares of 70,425 Blackrock 2037 Municipal Target Term Trust $BMN

Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) during the fourth quarter, Holdings Channel.com reports. The fund purchased 70,425 shares of the company’s stock, valued at approximately $1,844,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 173.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after acquiring an additional 3,170 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Blackrock 2037 Municipal Target Term Trust in the 3rd quarter valued at about $289,000. Narwhal Capital Management bought a new stake in Blackrock 2037 Municipal Target Term Trust in the 3rd quarter valued at about $476,000. Van ECK Associates Corp lifted its holdings in Blackrock 2037 Municipal Target Term Trust by 8.7% during the third quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock valued at $694,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in 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 valued at $825,000 after purchasing an additional 1,746 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Trading Up 3.5%

Shares of NYSE:BMN opened at $26.85 on Thursday. The company has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $25.72. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.04 and a twelve month high of $27.96.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.0938 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 4.2%.

About Blackrock 2037 Municipal Target Term Trust

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.