Rivernorth Capital Management LLC Reduces Holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Rivernorth Capital Management LLC lowered its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 17.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,761,014 shares of the company’s stock after selling 372,650 shares during the period. Blackrock Municipal 2030 Target Term Trust makes up about 1.9% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Rivernorth Capital Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $38,073,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 7.8% in the second quarter. Commonwealth Equity Services LLC now owns 70,488 shares of the company’s stock worth $1,464,000 after buying an additional 5,115 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 28.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 80,540 shares of the company’s stock worth $1,673,000 after buying an additional 18,071 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the second quarter worth $42,000. Pathstone Holdings LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 138.1% in the third quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after buying an additional 288,682 shares during the last quarter. Finally, Almitas Capital LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the second quarter worth $1,607,000.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of NYSE:BTT opened at $21.38 on Thursday. The company has a fifty day simple moving average of $21.33 and a 200 day simple moving average of $21.12. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $20.22 and a 12-month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $0.0464 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, November 15th.

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.