Blackrock Municipal 2030 Target Term Trust $BTT Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 48.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 35,147 shares of the company’s stock after selling 33,457 shares during the period. Advisors Asset Management Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $789,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in Blackrock Municipal 2030 Target Term Trust by 17.2% during the third quarter. Oppenheimer & Co. Inc. now owns 29,662 shares of the company’s stock worth $666,000 after purchasing an additional 4,348 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 7.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 49,792 shares of the company’s stock worth $1,118,000 after acquiring an additional 3,331 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter worth about $384,000. Ackerman Capital Advisors LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust in the third quarter valued at approximately $453,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter worth $54,000.

Blackrock Municipal 2030 Target Term Trust Stock Performance

BTT opened at $22.92 on Wednesday. The business has a fifty day simple moving average of $22.66 and a 200-day simple moving average of $22.53. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.20 and a 52 week high of $23.03.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0464 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.4%.

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.