Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) to Issue $0.05 Monthly Dividend

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) announced a monthly dividend on Friday, February 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.0464 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th.

Blackrock Municipal 2030 Target Term Trust Price Performance

BTT traded up $0.04 during trading on Friday, reaching $22.73. The company’s stock had a trading volume of 43,478 shares, compared to its average volume of 95,484. The company’s fifty day moving average price is $22.81 and its 200-day moving average price is $22.72. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $21.42 and a 52-week high of $23.24.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in Blackrock Municipal 2030 Target Term Trust by 5.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,560,360 shares of the company’s stock worth $35,607,000 after acquiring an additional 75,073 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of 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 purchasing an additional 138,536 shares in the last quarter. Dakota Wealth Management boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 46.5% during the 3rd quarter. Dakota Wealth Management now owns 130,200 shares of the company’s stock worth $2,924,000 after purchasing an additional 41,300 shares in the last quarter. Seven Mile Advisory acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter worth $973,000. Finally, City of London Investment Management Co. Ltd. grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 8.8% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 662,759 shares of the company’s stock worth $14,886,000 after purchasing an additional 53,700 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.