Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $23.36 and traded as high as $23.69. Blackrock 2037 Municipal Target Term Trust shares last traded at $23.45, with a volume of 54,100 shares traded.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.8%

The company has a fifty day simple moving average of $23.36 and a two-hundred day simple moving average of $25.34.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.0993 per share. The ex-dividend date is Friday, November 13th. This represents a $1.19 annualized dividend and a dividend yield of 5.1%.

Insider Activity at Blackrock 2037 Municipal Target Term Trust

In other Blackrock 2037 Municipal Target Term Trust news, major shareholder Of America Corp /De/ Bank acquired 3,070 shares of the stock in a transaction dated Tuesday, October 27th. The stock was acquired at an average price of $22.98 per share, with a total value of $70,548.60. Following the completion of the transaction, the insider directly owned 3,070 shares in the company, valued at approximately $70,548.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its stake in Blackrock 2037 Municipal Target Term Trust by 0.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after buying an additional 630 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 6.3% during the 2nd quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock valued at $931,000 after acquiring an additional 2,154 shares during the last quarter. DUTCH ASSET Corp increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 30.3% during the 1st quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock valued at $300,000 after acquiring an additional 2,689 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at about $103,000. Finally, Bank of America Corp DE lifted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 6.1% during the 1st quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock worth $3,179,000 after acquiring an additional 7,029 shares during the period.

About Blackrock 2037 Municipal Target Term Trust

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company advised by BlackRock Advisors, LLC. It seeks to provide current income that is exempt from regular U.S. federal income tax, consistent with its investment objectives and policies.

The trust invests primarily in municipal bonds issued by U.S. states and local governments and their agencies. These bonds help fund public projects and services, and their interest may receive favorable federal tax treatment.