Sentinel Trust Co. LBA Sells 43,026 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Sentinel Trust Co. LBA lowered its stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,670 shares of the company’s stock after selling 43,026 shares during the period. Blackrock Municipal 2030 Target Term Trust makes up approximately 1.2% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 15th biggest position. Sentinel Trust Co. LBA’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $12,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gridiron Partners LLC lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 2,363.9% in the 3rd quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock valued at $42,000 after purchasing an additional 1,793,110 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust during the 2nd quarter valued at $44,000. Global Wealth Strategies & Associates bought a new stake in Blackrock Municipal 2030 Target Term Trust in the third quarter worth $44,000. Geneos Wealth Management Inc. purchased a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter worth $54,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust during the second quarter worth $201,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of BTT opened at $22.76 on Friday. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $20.20 and a twelve month high of $22.92. The company’s fifty day simple moving average is $22.58 and its 200-day simple moving average is $22.46.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.0464 dividend. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th.

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.