Mackay Shields LLC Has $31.89 Million Stock Position in Blackrock Municipal 2030 Target Term Trust $BTT

Mackay Shields LLC reduced its stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,419,894 shares of the company’s stock after selling 144,013 shares during the quarter. Mackay Shields LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $31,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BTT. Gridiron Partners LLC increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 2,363.9% during the 3rd quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock worth $42,000 after purchasing an additional 1,793,110 shares during the period. Global Wealth Strategies & Associates bought a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter valued at about $44,000. Chapman Financial Group LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter valued at approximately $44,000. Geneos Wealth Management Inc. bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 3rd quarter worth approximately $54,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth approximately $201,000.

Blackrock Municipal 2030 Target Term Trust Stock Performance

BTT opened at $22.75 on Wednesday. The stock’s 50 day simple moving average is $22.51 and its 200-day simple moving average is $22.39. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $20.20 and a 1 year high of $22.92.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0464 per share. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th.

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.