Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Major Shareholder Acquires $70,548.60 in Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) major shareholder Of America Corp /De/ Bank bought 3,070 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was bought at an average cost of $22.98 per share, for a total transaction of $70,548.60. Following the completion of the transaction, the insider directly owned 3,070 shares of the company’s stock, valued at approximately $70,548.60. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Blackrock 2037 Municipal Target Term Trust stock opened at $22.92 on Friday. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $21.28 and a 1 year high of $27.96. The firm has a 50 day moving average price of $23.54 and a 200 day moving average price of $25.40.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0993 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.19 dividend on an annualized basis and a yield of 5.2%.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several institutional investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth $573,000. Van ECK Associates Corp boosted its holdings in Blackrock 2037 Municipal Target Term Trust by 6.3% in the second 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. Bank of America Corp DE acquired a new position in Blackrock 2037 Municipal Target Term Trust in the second quarter valued at $2,962,000. BlackRock Inc. acquired a new position in Blackrock 2037 Municipal Target Term Trust in the second quarter valued at $103,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Blackrock 2037 Municipal Target Term Trust by 0.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock valued at $3,394,000 after acquiring an additional 630 shares during the period.

Blackrock 2037 Municipal Target Term Trust Company Profile

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company sponsored and managed by BlackRock. The fund is designed to provide current income that is exempt from regular U.S. federal income tax, although some income may be subject to the alternative minimum tax or state and local taxes.

BMN invests primarily in a portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, public authorities and similar governmental entities.