Hennion & Walsh Asset Management Inc. Boosts Stock Holdings in Blackrock Municipal 2030 Target Term Trust $BTT
by Kim Johansen · The Markets DailyHennion & Walsh Asset Management Inc. increased its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT – Free Report) by 36.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 510,885 shares of the company’s stock after buying an additional 135,584 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $11,474,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 5.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,485,287 shares of the company’s stock worth $33,360,000 after acquiring an additional 78,600 shares in the last quarter. Gridiron Partners LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 2,363.9% in the 3rd quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock valued at $42,000 after purchasing an additional 1,793,110 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 2.4% in the 3rd quarter. Riverbridge Partners LLC now owns 40,929 shares of the company’s stock worth $919,000 after purchasing an additional 941 shares during the period. Global Wealth Strategies & Associates purchased a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter worth approximately $44,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Blackrock Municipal 2030 Target Term Trust during the second quarter worth approximately $1,017,000.
Blackrock Municipal 2030 Target Term Trust Stock Performance
Blackrock Municipal 2030 Target Term Trust stock opened at $22.73 on Tuesday. The business has a 50 day simple moving average of $22.50 and a 200-day simple moving average of $22.35. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.20 and a 12 month high of $22.90.
Blackrock Municipal 2030 Target Term Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.0464 dividend. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th.
Blackrock Municipal 2030 Target Term Trust Profile
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.
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