Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Position Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 30.4% during the first quarter, HoldingsChannel.com reports. The firm owned 151,176 shares of the company’s stock after buying an additional 35,229 shares during the quarter. Advisors Asset Management Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $3,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTT. Karpus Management Inc. raised its holdings in Blackrock Municipal 2030 Target Term Trust by 33.0% during the fourth quarter. Karpus Management Inc. now owns 2,512,207 shares of the company’s stock valued at $52,254,000 after buying an additional 623,183 shares in the last quarter. City of London Investment Management Co. Ltd. increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 130.0% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 428,327 shares of the company’s stock valued at $9,021,000 after acquiring an additional 242,073 shares during the last quarter. 1607 Capital Partners LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 280.3% in the 4th quarter. 1607 Capital Partners LLC now owns 273,728 shares of the company’s stock valued at $5,694,000 after acquiring an additional 201,753 shares in the last quarter. Gridiron Partners LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the 4th quarter worth approximately $1,578,000. Finally, Sentinel Trust Co. LBA boosted its position in Blackrock Municipal 2030 Target Term Trust by 45.3% during the fourth quarter. Sentinel Trust Co. LBA now owns 242,735 shares of the company’s stock worth $5,049,000 after purchasing an additional 75,680 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.2 %

BTT stock traded up $0.04 during midday trading on Friday, hitting $20.98. 76,326 shares of the company traded hands, compared to its average volume of 133,094. The business has a 50 day simple moving average of $20.67 and a 200-day simple moving average of $20.83. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $18.90 and a twelve month high of $21.64.

Blackrock Municipal 2030 Target Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a $0.0464 dividend. This represents a $0.56 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, July 15th. This is an increase from Blackrock Municipal 2030 Target Term Trust’s previous monthly dividend of $0.05.

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.