Sentinel Trust Co. LBA Grows Position in Blackrock Municipal 2030 Target Term Trust $BTT

Sentinel Trust Co. LBA increased its stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 37.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 836,734 shares of the company’s stock after acquiring an additional 227,104 shares during the quarter. Blackrock Municipal 2030 Target Term Trust comprises about 1.9% of Sentinel Trust Co. LBA’s portfolio, making the stock its 12th largest holding. Sentinel Trust Co. LBA’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $18,994,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in Blackrock Municipal 2030 Target Term Trust by 5.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,560,360 shares of the company’s stock worth $35,607,000 after purchasing an additional 75,073 shares in the last quarter. Tortoise Investment Management LLC grew its position in shares of Blackrock Municipal 2030 Target Term Trust by 11.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock valued at $31,061,000 after purchasing an additional 138,536 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust during the fourth quarter valued at about $568,000. Integrity Wealth Partners LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust during the first quarter valued at about $565,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 6.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 542,733 shares of the company’s stock worth $12,385,000 after purchasing an additional 31,848 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.0%

NYSE:BTT opened at $22.64 on Monday. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $21.90 and a 12 month high of $23.24. The business’s 50-day moving average is $22.72 and its 200 day moving average is $22.77.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0464 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

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.