Tortoise Investment Management LLC Purchases 138,536 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Tortoise Investment Management LLC increased its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 11.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,361,137 shares of the company’s stock after purchasing an additional 138,536 shares during the period. Blackrock Municipal 2030 Target Term Trust makes up about 2.7% of Tortoise Investment Management LLC’s portfolio, making the stock its 4th biggest holding. Tortoise Investment Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $31,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BTT. Gamco Investors INC. ET AL acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth approximately $207,000. NewEdge Advisors LLC lifted its stake in Blackrock Municipal 2030 Target Term Trust by 101.1% in the 2nd quarter. NewEdge Advisors LLC now owns 21,652 shares of the company’s stock valued at $474,000 after purchasing an additional 10,886 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Blackrock Municipal 2030 Target Term Trust by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 139,898 shares of the company’s stock valued at $3,062,000 after purchasing an additional 1,793 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter valued at approximately $201,000. Finally, Chapman Financial Group LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter valued at approximately $44,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE:BTT opened at $22.50 on Tuesday. The firm has a 50 day simple moving average of $22.79 and a 200 day simple moving average of $22.69. Blackrock Municipal 2030 Target Term Trust has a one year low of $21.05 and a one year high of $23.24.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.0464 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 2.5%.

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.