Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Share Price Breaks Above 200 Day Moving Average – Here’s What Happened

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $22.57 and traded as high as $22.75. Blackrock Municipal 2030 Target Term Trust shares last traded at $22.71, with a volume of 36,680 shares trading hands.

Blackrock Municipal 2030 Target Term Trust Stock Up 0.9%

The company’s fifty day simple moving average is $22.10 and its 200 day simple moving average is $22.57.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

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

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BTT. Tortoise Investment Management LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 5.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,502,116 shares of the company’s stock worth $32,806,000 after purchasing an additional 81,642 shares during the period. Jacobi Capital Management LLC boosted its position in Blackrock Municipal 2030 Target Term Trust by 3.2% in the third quarter. Jacobi Capital Management LLC now owns 214,702 shares of the company’s stock worth $4,689,000 after purchasing an additional 6,662 shares during the last quarter. Narwhal Capital Management purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust in the third quarter worth approximately $7,801,000. Allspring Global Investments Holdings LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 14.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,794,332 shares of the company’s stock valued at $39,188,000 after buying an additional 230,472 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 23.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 312,029 shares of the company’s stock worth $6,815,000 after acquiring an additional 58,722 shares during the last quarter.

About Blackrock Municipal 2030 Target Term Trust

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.