Matisse Capital Purchases 51,042 Shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Matisse Capital boosted its holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 102.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,739 shares of the company’s stock after buying an additional 51,042 shares during the quarter. Blackrock Municipal 2030 Target Term Trust makes up approximately 1.1% of Matisse Capital’s investment portfolio, making the stock its 28th largest position. Matisse Capital’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $2,074,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $29,000. Avior Wealth Management LLC increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 23.0% during the 4th quarter. Avior Wealth Management LLC now owns 21,670 shares of the company’s stock valued at $446,000 after purchasing an additional 4,056 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth $38,000. Dakota Wealth Management increased its position in Blackrock Municipal 2030 Target Term Trust by 30.1% during the 4th quarter. Dakota Wealth Management now owns 70,900 shares of the company’s stock valued at $1,460,000 after purchasing an additional 16,400 shares during the period. Finally, Maltin Wealth Management Inc. grew its position in shares of Blackrock Municipal 2030 Target Term Trust by 52.9% in the 4th quarter. Maltin Wealth Management Inc. now owns 101,191 shares of the company’s stock worth $2,084,000 after buying an additional 34,995 shares during the period.

Blackrock Municipal 2030 Target Term Trust Price Performance

BTT opened at $21.07 on Tuesday. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $20.22 and a twelve month high of $21.83. The firm has a 50 day moving average price of $20.88 and a 200-day moving average price of $21.17.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were given a dividend of $0.0464 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, January 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.