Blackrock Municipal 2030 Target Term Trust (BTT) to Issue Monthly Dividend of $0.05 on December 1st

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.0464 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, November 14th.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE:BTT opened at $22.58 on Wednesday. The firm has a 50-day moving average price of $22.54 and a 200 day moving average price of $22.04. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $20.20 and a 12-month high of $22.87.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Several institutional investors have recently added to or reduced their stakes in BTT. Karpus Management Inc. boosted its position in Blackrock Municipal 2030 Target Term Trust by 19.1% in the second quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock valued at $78,539,000 after buying an additional 575,137 shares in the last quarter. Gridiron Partners LLC boosted its holdings 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 worth $42,000 after acquiring an additional 1,793,110 shares in the last quarter. Almitas Capital LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 3.9% during the 1st quarter. Almitas Capital LLC now owns 1,558,862 shares of the company’s stock worth $33,095,000 after acquiring an additional 57,801 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 5.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,485,287 shares of the company’s stock valued at $33,360,000 after purchasing an additional 78,600 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 9.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,189,486 shares of the company’s stock valued at $26,038,000 after purchasing an additional 103,140 shares in the last quarter.

About Blackrock Municipal 2030 Target Term Trust

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.