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, June 5th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0464 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.0%

BTT opened at $22.80 on Monday. The firm’s fifty day moving average is $22.73 and its two-hundred day moving average is $22.76. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $21.88 and a twelve month high of $23.24.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of hedge funds have recently modified their holdings of BTT. Hennion & Walsh Asset Management Inc. lifted its stake in Blackrock Municipal 2030 Target Term Trust by 26.9% in the second 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. CoreCap Advisors LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 25.0% in the second quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock valued at $57,000 after purchasing an additional 500 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter valued at about $91,000. Everest Financial Group LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 1st quarter worth approximately $279,000. Finally, Petra Financial Advisors Inc. raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 99.5% during the 1st quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock worth $1,293,000 after purchasing an additional 28,415 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Company 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.