Narwhal Capital Management Acquires 357,201 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Narwhal Capital Management acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 357,201 shares of the company’s stock, valued at approximately $7,801,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTT. CoreCap Advisors LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 25.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock worth $57,000 after purchasing an additional 500 shares in the last quarter. Western Wealth Management LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the first quarter valued at about $91,000. Fifth Third Bancorp bought a new position in Blackrock Municipal 2030 Target Term Trust in the first quarter valued at about $116,000. Allworth Financial LP boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 817.8% during the second quarter. Allworth Financial LP now owns 5,966 shares of the company’s stock valued at $136,000 after purchasing an additional 5,316 shares in the last quarter. Finally, Everest Financial Group LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the first quarter valued at about $279,000.

Blackrock Municipal 2030 Target Term Trust Stock Performance

NYSE:BTT opened at $22.54 on Wednesday. The stock’s 50-day moving average is $22.10 and its 200-day moving average is $22.57. Blackrock Municipal 2030 Target Term Trust has a 1-year low of $21.30 and a 1-year high of $23.24.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $0.0464 per share. The ex-dividend date is Friday, November 13th. This represents a $0.56 annualized dividend and a yield of 2.5%.

Blackrock Municipal 2030 Target Term Trust Profile

BlackRock Municipal 2030 Target Term Trust (NYSE:BTT) is a closed-end management investment company sponsored and managed by BlackRock. The trust seeks to provide current income that is exempt from regular U.S. federal income tax, with a secondary objective of preserving capital and generating potential capital appreciation. The trust invests primarily in municipal obligations issued by states, territories, and possessions of the United States, as well as their political subdivisions and agencies.