Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Stock Breaks Below Fifty Day Moving Average – Here’s What Happened

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)’s share price passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $22.20 and traded as low as $21.94. Blackrock Municipal 2030 Target Term Trust shares last traded at $22.0640, with a volume of 137,960 shares changing hands.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.1%

The firm’s 50 day moving average is $22.17 and its 200-day moving average is $22.53.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0464 per share. This represents a $0.56 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, December 11th.

Insider Buying and Selling at Blackrock Municipal 2030 Target Term Trust

In other Blackrock Municipal 2030 Target Term Trust news, Portfolio Manager Phillip Soccio sold 1,800 shares of the business’s stock in a transaction dated Saturday, August 1st. The stock was sold at an average price of $22.48, for a total value of $40,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BTT. Sentinel Trust Co. LBA increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 37.3% during the 1st quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock worth $18,994,000 after purchasing an additional 227,104 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Blackrock Municipal 2030 Target Term Trust by 26.9% in the 2nd 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. Petra Financial Advisors Inc. grew its stake in Blackrock Municipal 2030 Target Term Trust by 99.5% during the first quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock worth $1,293,000 after buying an additional 28,415 shares during the last quarter. Integrity Wealth Partners LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust during the 1st quarter valued at $565,000. Finally, Readystate Asset Management LP bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the second quarter valued at about $538,000.

Blackrock Municipal 2030 Target Term Trust Company Profile

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a closed-end management investment company sponsored and managed by BlackRock Advisors, LLC. The fund seeks to provide current income exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal bonds and other tax-exempt securities.

BTT invests in debt obligations issued by U.S. states, territories, municipalities and related public entities. These securities may help finance public projects and services, including education, transportation, utilities, healthcare and other infrastructure.