Narwhal Capital Management Acquires 357,201 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Narwhal Capital Management acquired a new stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 357,201 shares of the company’s stock, valued at approximately $7,801,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCap Advisors LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 25.0% during the second quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock worth $57,000 after acquiring an additional 500 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter worth about $91,000. Fifth Third Bancorp bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter worth about $116,000. Allworth Financial LP boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 817.8% in the 2nd quarter. Allworth Financial LP now owns 5,966 shares of the company’s stock valued at $136,000 after purchasing an additional 5,316 shares in the last quarter. Finally, Everest Financial Group LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 1st quarter valued at approximately $279,000.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.9%

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $22.54 on Wednesday. The firm’s 50 day moving average is $22.10 and its 200 day moving average is $22.57. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $21.30 and a 1 year high of $23.24.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.0464 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.56 annualized dividend and a yield of 2.5%.

About Blackrock Municipal 2030 Target Term Trust

BlackRock Municipal 2030 Target Term Trust (NYSE:BTT) is a closed-end management investment company sponsored and managed by BlackRock. The trust seeks to provide current income that is exempt from regular U.S. federal income tax, with a secondary objective of preserving capital and generating potential capital appreciation. The trust invests primarily in municipal obligations issued by states, territories, and possessions of the United States, as well as their political subdivisions and agencies.