Of America Corp /De/ Bank Sells 1,164 Shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) major shareholder Of America Corp /De/ Bank sold 1,164 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $28,587.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Of America Corp /De/ Bank also recently made the following trade(s):

• On Friday, November 14th, Of America Corp /De/ Bank acquired 1,164 shares of Blackrock 2037 Municipal Target Term Trust stock. The shares were purchased at an average cost of $24.76 per share, for a total transaction of $28,820.64.

Blackrock 2037 Municipal Target Term Trust Trading Down 0.3%

Blackrock 2037 Municipal Target Term Trust stock opened at $24.61 on Friday. The stock has a 50-day moving average price of $24.90 and a two-hundred day moving average price of $24.62. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.04 and a 12 month high of $26.09.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.0938 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BMN. Truist Financial Corp boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 13.4% during the 2nd quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock valued at $592,000 after purchasing an additional 2,848 shares in the last quarter. Jacobi Capital Management LLC bought a new position in Blackrock 2037 Municipal Target Term Trust in the 1st quarter valued at about $659,000. Bank of America Corp DE grew its holdings in Blackrock 2037 Municipal Target Term Trust by 5.4% during the third quarter. Bank of America Corp DE now owns 104,095 shares of the company’s stock worth $2,611,000 after buying an additional 5,290 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% during the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock valued at $825,000 after purchasing an additional 1,746 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% in the third quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after acquiring an additional 8,216 shares in the last quarter.

About Blackrock 2037 Municipal Target Term Trust

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.