Scarborough Advisors LLC Buys Shares of 116,262 Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Scarborough Advisors LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 116,262 shares of the company’s stock, valued at approximately $2,394,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in Blackrock Municipal 2030 Target Term Trust by 3.9% during the 4th quarter. Van ECK Associates Corp now owns 561,113 shares of the company’s stock valued at $11,553,000 after acquiring an additional 21,179 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 22.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,335,788 shares of the company’s stock worth $27,504,000 after purchasing an additional 243,776 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter worth approximately $45,000. Matisse Capital lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 102.7% in the 4th quarter. Matisse Capital now owns 100,739 shares of the company’s stock worth $2,074,000 after purchasing an additional 51,042 shares during the period. Finally, Spire Wealth Management bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter worth approximately $29,000.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.3 %

Shares of NYSE:BTT opened at $21.32 on Friday. The firm’s 50 day moving average price is $20.87 and its 200-day moving average price is $21.19. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $20.22 and a twelve month high of $21.83.

Blackrock Municipal 2030 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 paid a $0.0464 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, February 14th.

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.