Narwhal Capital Management Reduces Stock Holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Narwhal Capital Management reduced its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 3.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 423,311 shares of the company’s stock after selling 13,759 shares during the quarter. Narwhal Capital Management’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $8,987,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $3,079,000. LPL Financial LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 5.7% in the fourth quarter. LPL Financial LLC now owns 423,159 shares of the company’s stock worth $8,713,000 after acquiring an additional 22,700 shares during the period. HighTower Advisors LLC increased its stake in Blackrock Municipal 2030 Target Term Trust by 45.0% during the fourth quarter. HighTower Advisors LLC now owns 59,167 shares of the company’s stock worth $1,218,000 after acquiring an additional 18,374 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Blackrock Municipal 2030 Target Term Trust by 64.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,082 shares of the company’s stock worth $1,422,000 after acquiring an additional 27,018 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at $2,072,000.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.2%

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $21.55 on Monday. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.20 and a 52 week high of $21.83. The business’s fifty day simple moving average is $21.28 and its 200-day simple moving average is $21.12.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.0464 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.56 annualized dividend and a yield of 2.58%.

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.