Blackrock Municipal 2030 Target Term Trust Plans Monthly Dividend of $0.05 (NYSE:BTT)

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.0464 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of Blackrock Municipal 2030 Target Term Trust stock traded up $0.06 during trading on Wednesday, reaching $22.89. The company’s stock had a trading volume of 11,790 shares, compared to its average volume of 104,848. The stock has a 50-day moving average price of $22.80 and a two-hundred day moving average price of $22.60. Blackrock Municipal 2030 Target Term Trust has a one year low of $20.20 and a one year high of $23.08.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 26.0% during the second quarter. Envestnet Asset Management Inc. now owns 159,273 shares of the company’s stock worth $3,486,000 after purchasing an additional 32,865 shares in the last quarter. Tortoise Investment Management LLC raised its position in Blackrock Municipal 2030 Target Term Trust by 9.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,189,486 shares of the company’s stock worth $26,038,000 after purchasing an additional 103,140 shares during the last quarter. Western Wealth Management LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter worth approximately $203,000. XTX Topco Ltd acquired a new position in Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth $244,000. Finally, Wellspring Financial Advisors LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth $285,000.

About Blackrock Municipal 2030 Target Term Trust

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.