Westside Investment Management Inc. Purchases New Position in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Westside Investment Management Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,334 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors have also added to or reduced their stakes in BMN. Truist Financial Corp purchased a new position in Blackrock 2037 Municipal Target Term Trust in the 2nd quarter worth about $210,000. HighTower Advisors LLC lifted its position in Blackrock 2037 Municipal Target Term Trust by 41.7% during the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock valued at $363,000 after purchasing an additional 4,168 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Blackrock 2037 Municipal Target Term Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock worth $880,000 after purchasing an additional 3,858 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Price Performance

NYSE BMN opened at $25.39 on Thursday. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.55 and a 1-year high of $26.14. The business’s fifty day moving average price is $25.43 and its 200-day moving average price is $25.15.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.0938 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.13 annualized dividend and a yield of 4.43%.

Blackrock 2037 Municipal Target Term Trust Profile

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.