Rivernorth Capital Management LLC Sells 284,985 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Rivernorth Capital Management LLC lessened its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 881,402 shares of the company’s stock after selling 284,985 shares during the quarter. Blackrock Municipal 2030 Target Term Trust makes up approximately 1.0% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Rivernorth Capital Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $20,008,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Everest Financial Group LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter valued at about $279,000. Petra Financial Advisors Inc. raised its holdings in Blackrock Municipal 2030 Target Term Trust by 99.5% in the 1st quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock valued at $1,293,000 after acquiring an additional 28,415 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Blackrock Municipal 2030 Target Term Trust by 17.2% in the first quarter. PNC Financial Services Group Inc. now owns 51,734 shares of the company’s stock valued at $1,174,000 after purchasing an additional 7,600 shares during the last quarter. Scarborough Advisors LLC lifted its holdings in Blackrock Municipal 2030 Target Term Trust by 0.4% during the 1st quarter. Scarborough Advisors LLC now owns 120,571 shares of the company’s stock worth $2,737,000 after purchasing an additional 454 shares during the last quarter. Finally, Sentinel Trust Co. LBA boosted its stake in Blackrock Municipal 2030 Target Term Trust by 37.3% in the 1st quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock valued at $18,994,000 after purchasing an additional 227,104 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.3%

NYSE BTT opened at $22.52 on Wednesday. Blackrock Municipal 2030 Target Term Trust has a 1-year low of $21.93 and a 1-year high of $23.24. The company has a 50 day moving average of $22.69 and a 200-day moving average of $22.76.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0464 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Blackrock Municipal 2030 Target Term Trust Profile

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.