Blackrock Municipal 2030 Target Term Trust Plans Monthly Dividend of $0.05 (NYSE:BTT)

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) declared a monthly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0464 per share on Friday, March 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, February 14th.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE BTT traded down $0.05 during mid-day trading on Friday, reaching $20.34. 166,396 shares of the stock were exchanged, compared to its average volume of 124,939. Blackrock Municipal 2030 Target Term Trust has a one year low of $18.90 and a one year high of $22.50. The stock has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $20.40.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of hedge funds have recently bought and sold shares of BTT. Cerity Partners LLC bought a new position in Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth $3,022,000. Moneta Group Investment Advisors LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the first quarter worth $1,846,000. JPMorgan Chase & Co. grew its holdings in Blackrock Municipal 2030 Target Term Trust by 48.5% in the first quarter. JPMorgan Chase & Co. now owns 212,061 shares of the company’s stock worth $5,011,000 after purchasing an additional 69,270 shares during the period. Logan Stone Capital LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth $1,330,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth $1,105,000.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.