Christian Romaglino Buys 1,250 Shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Portfolio Manager Christian Romaglino acquired 1,250 shares of Blackrock 2037 Municipal Target Term Trust stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of $23.99 per share, with a total value of $29,987.50. Following the completion of the acquisition, the portfolio manager now directly owns 4,551 shares in the company, valued at $109,178.49. This represents a 37.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.5 %

Shares of BMN stock opened at $23.77 on Friday. The company has a 50 day moving average price of $25.14 and a 200-day moving average price of $25.25. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $23.04 and a 52 week high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Tuesday, April 15th.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth $34,000. HighTower Advisors LLC grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% during the 3rd quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock valued at $363,000 after purchasing an additional 4,168 shares during the period. Truist Financial Corp increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 10.1% during the 4th quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock valued at $548,000 after purchasing an additional 1,958 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter worth approximately $818,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth approximately $1,586,000.

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.