Blackrock Municipal 2030 Target Term Trust (BTT) to Distribute Monthly Dividend of $0.05 on December 22nd

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be paid a dividend of 0.0464 per share on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, December 11th.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE:BTT opened at $22.23 on Friday. The company’s fifty day moving average price is $22.57 and its 200-day moving average price is $22.70. Blackrock Municipal 2030 Target Term Trust has a one year low of $22.15 and a one year high of $23.24.

Insider Transactions at Blackrock Municipal 2030 Target Term Trust

In related news, Portfolio Manager Phillip Soccio sold 1,800 shares of the stock in a transaction on Saturday, August 1st. The stock was sold at an average price of $22.48, for a total value of $40,464.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

Hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $5,756,000. Sentinel Trust Co. LBA grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 37.3% in the first 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 last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 26.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 783,682 shares of the company’s stock worth $17,829,000 after buying an additional 166,122 shares during the period. Tortoise Investment Management LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 11.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock worth $31,061,000 after buying an additional 138,536 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 6.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock valued at $50,806,000 after buying an additional 138,439 shares during the last quarter.

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.