Merit Financial Group LLC Sells 9,487 Shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Merit Financial Group LLC trimmed its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 522,468 shares of the company’s stock after selling 9,487 shares during the quarter. Merit Financial Group LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $10,867,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Karpus Management Inc. raised its holdings in Blackrock Municipal 2030 Target Term Trust by 23.2% in the 3rd quarter. Karpus Management Inc. now owns 1,889,024 shares of the company’s stock valued at $36,666,000 after acquiring an additional 355,950 shares in the last quarter. Pathstone Family Office LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust in the third quarter valued at about $4,249,000. AQR Arbitrage LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 1,044.8% in the third quarter. AQR Arbitrage LLC now owns 197,555 shares of the company’s stock valued at $3,835,000 after purchasing an additional 180,299 shares in the last quarter. Van ECK Associates Corp lifted its position in Blackrock Municipal 2030 Target Term Trust by 20.7% during the third quarter. Van ECK Associates Corp now owns 455,963 shares of the company’s stock worth $8,850,000 after purchasing an additional 78,053 shares during the period. Finally, Eldridge Investment Advisors Inc. acquired a new stake in Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth about $1,475,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE:BTT traded up $0.01 during midday trading on Friday, hitting $20.59. The stock had a trading volume of 253,613 shares, compared to its average volume of 140,837. The company’s 50-day moving average price is $20.79 and its 200-day moving average price is $20.67. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $18.90 and a fifty-two week high of $21.64.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.046 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.68%.

About Blackrock Municipal 2030 Target Term Trust

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.