Hennion & Walsh Asset Management Inc. Invests $1.84 Million in Blackrock 2037 Municipal Target Term Trust $BMN

Hennion & Walsh Asset Management Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,425 shares of the company’s stock, valued at approximately $1,844,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in Blackrock 2037 Municipal Target Term Trust by 173.2% in the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after purchasing an additional 3,170 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at $289,000. Narwhal Capital Management purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at $476,000. Van ECK Associates Corp raised its stake in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% during the 3rd quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock worth $694,000 after purchasing an additional 2,218 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after purchasing an additional 1,746 shares during the period.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of NYSE:BMN opened at $26.85 on Thursday. The company’s 50-day moving average is $26.61 and its 200 day moving average is $25.72. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.04 and a fifty-two week high of $27.96.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.0938 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 4.2%.

About Blackrock 2037 Municipal Target Term Trust

BlackRock 2037 Municipal Target Term Trust (NYSE:BMN) is a closed-end management investment company sponsored by BlackRock, Inc, one of the world’s largest asset managers. The trust was established to provide investors with exposure to a diversified portfolio of U.S. municipal securities and seeks to deliver federally tax-exempt income. As a target-term fund, BMN has a predetermined termination date of January 23, 2037, at which time the trust’s assets will be liquidated and net proceeds distributed to shareholders.

The fund’s investment objective is current income exempt from regular U.S.