Guggenheim Capital LLC Sells 1,910 Shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Guggenheim Capital LLC cut its stake in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,501 shares of the company’s stock after selling 1,910 shares during the period. Guggenheim Capital LLC’s holdings in Blackrock 2037 Municipal Target Term Trust were worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BMN. Raymond James Financial Inc. bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at approximately $818,000. Noble Wealth Management PBC bought a new position in Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at $1,586,000. Truist Financial Corp increased its position in Blackrock 2037 Municipal Target Term Trust by 10.1% during the fourth quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock valued at $548,000 after acquiring an additional 1,958 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at $34,000. Finally, HighTower Advisors LLC lifted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% in the 3rd quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after acquiring an additional 4,168 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Trading Down 0.2 %

Shares of NYSE:BMN opened at $23.73 on Friday. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.04 and a 12 month high of $26.14. The firm’s 50-day moving average is $24.97 and its 200 day moving average is $25.20.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0938 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.74%.

Insider Transactions at Blackrock 2037 Municipal Target Term Trust

In related news, Portfolio Manager Christian Romaglino purchased 1,250 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were purchased at an average cost of $23.99 per share, for a total transaction of $29,987.50. Following the completion of the acquisition, the portfolio manager now owns 4,551 shares in the company, valued at approximately $109,178.49. This trade represents a 37.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Blackrock 2037 Municipal Target Term Trust Profile

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.