Narwhal Capital Management Sells 13,288 Shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Narwhal Capital Management trimmed its stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 469,054 shares of the company’s stock after selling 13,288 shares during the period. Blackrock Municipal 2030 Target Term Trust makes up approximately 0.9% of Narwhal Capital Management’s portfolio, making the stock its 29th largest position. Narwhal Capital Management’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $10,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BTT. Allspring Global Investments Holdings LLC grew its holdings in Blackrock Municipal 2030 Target Term Trust by 9.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,214,689 shares of the company’s stock valued at $25,229,000 after purchasing an additional 105,661 shares during the period. Logan Stone Capital LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 79.0% in the 2nd quarter. Logan Stone Capital LLC now owns 671,281 shares of the company’s stock worth $13,943,000 after acquiring an additional 296,221 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Blackrock Municipal 2030 Target Term Trust by 1.5% during the first quarter. Van ECK Associates Corp now owns 527,339 shares of the company’s stock valued at $11,106,000 after purchasing an additional 7,646 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its position in Blackrock Municipal 2030 Target Term Trust by 3.6% during the second quarter. City of London Investment Management Co. Ltd. now owns 443,809 shares of the company’s stock worth $9,218,000 after purchasing an additional 15,482 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 1,131.7% in the second quarter. Tortoise Investment Management LLC now owns 398,173 shares of the company’s stock worth $8,270,000 after purchasing an additional 365,845 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE BTT opened at $21.34 on Wednesday. The company’s 50 day moving average is $21.49 and its 200-day moving average is $20.99. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $18.90 and a 12-month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0464 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.56 annualized dividend and a dividend yield of 2.61%.

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.