Stonebridge Financial Group LLC Takes $45,000 Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Stonebridge Financial Group LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,200 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also bought and sold shares of BTT. Pathstone Holdings LLC increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 138.1% in the third quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after purchasing an additional 288,682 shares during the period. Hara Capital LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 294.2% during the third quarter. Hara Capital LLC now owns 272,765 shares of the company’s stock worth $5,897,000 after buying an additional 203,563 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 3rd quarter worth about $1,898,000. Park Avenue Securities LLC purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at about $1,634,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 24.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 359,403 shares of the company’s stock valued at $7,400,000 after acquiring an additional 70,952 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

BTT stock opened at $21.26 on Friday. The company’s 50 day moving average is $20.87 and its 200 day moving average is $21.18. Blackrock Municipal 2030 Target Term Trust has a 1-year low of $20.22 and a 1-year high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0464 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, February 14th.

About Blackrock Municipal 2030 Target Term Trust

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.