Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Portfolio Manager Phillip Soccio Sells 1,800 Shares

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Portfolio Manager Phillip Soccio sold 1,800 shares of the firm’s stock in a transaction that occurred on Saturday, August 1st. The shares were sold at an average price of $22.48, for a total transaction of $40,464.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE:BTT opened at $22.49 on Wednesday. The business has a 50-day simple moving average of $22.67 and a two-hundred day simple moving average of $22.75. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $22.15 and a fifty-two week high of $23.24.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC grew its holdings in Blackrock Municipal 2030 Target Term Trust by 6.5% during the third quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock valued at $50,806,000 after purchasing an additional 138,439 shares during the period. Tortoise Investment Management LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 11.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock worth $31,061,000 after acquiring an additional 138,536 shares during the period. Sentinel Trust Co. LBA boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 37.3% in the first quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock worth $18,994,000 after purchasing an additional 227,104 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 26.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 783,682 shares of the company’s stock valued at $17,829,000 after buying an additional 166,122 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Blackrock Municipal 2030 Target Term Trust by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 528,422 shares of the company’s stock valued at $12,059,000 after acquiring an additional 62,301 shares during the period.

About Blackrock Municipal 2030 Target Term Trust

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.