Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Declares $0.05 Monthly Dividend

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) declared a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0464 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 15th.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $22.79 on Wednesday. The firm has a fifty day simple moving average of $22.81 and a 200-day simple moving average of $22.69. Blackrock Municipal 2030 Target Term Trust has a 1-year low of $21.05 and a 1-year high of $23.24.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 17.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 51,734 shares of the company’s stock worth $1,174,000 after purchasing an additional 7,600 shares during the last quarter. Scarborough Advisors LLC grew its holdings in Blackrock Municipal 2030 Target Term Trust by 0.4% in the 1st quarter. Scarborough Advisors LLC now owns 120,571 shares of the company’s stock valued at $2,737,000 after buying an additional 454 shares during the last quarter. Sentinel Trust Co. LBA grew its holdings in 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 valued at $18,994,000 after buying an additional 227,104 shares during the last quarter. Aviance Capital Partners LLC increased its position in Blackrock Municipal 2030 Target Term Trust by 92.6% in the 1st quarter. Aviance Capital Partners LLC now owns 23,331 shares of the company’s stock worth $530,000 after buying an additional 11,218 shares during the period. Finally, Anchor Investment Management LLC increased its position in Blackrock Municipal 2030 Target Term Trust by 2.8% in the 1st quarter. Anchor Investment Management LLC now owns 73,325 shares of the company’s stock worth $1,664,000 after buying an additional 2,013 shares during the period.

About Blackrock Municipal 2030 Target Term Trust

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a non-diversified, closed-end management investment company managed by BlackRock Fund Advisors. Launched in 2018, the trust seeks to provide shareholders with a high level of current income exempt from federal income tax, while also aiming for total return. Shares of BTT trade on the New York Stock Exchange, offering investors a means to access a portfolio of municipal securities through a publicly traded vehicle.

The trust’s primary investment activities focus on U.S.