61,991 Shares in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Bought by Noble Wealth Management PBC

Noble Wealth Management PBC bought a new position in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 61,991 shares of the company’s stock, valued at approximately $1,586,000. Blackrock 2037 Municipal Target Term Trust accounts for about 1.1% of Noble Wealth Management PBC’s investment portfolio, making the stock its 27th biggest position.

Several other large investors have also bought and sold shares of BMN. Van ECK Associates Corp raised its position in Blackrock 2037 Municipal Target Term Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock worth $880,000 after purchasing an additional 3,858 shares during the last quarter. HighTower Advisors LLC raised its position in 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 worth $363,000 after purchasing an additional 4,168 shares during the last quarter. Westside Investment Management Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth $34,000. Finally, Truist Financial Corp raised its position in 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 worth $548,000 after purchasing an additional 1,958 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.3 %

Shares of NYSE:BMN opened at $25.64 on Friday. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.68 and a 12-month high of $26.14. The business has a fifty day simple moving average of $25.47 and a 200 day simple moving average of $25.27.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.0938 dividend. This represents a $1.13 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, February 14th.

Blackrock 2037 Municipal Target Term Trust Profile

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.