Tyche Wealth Partners LLC Acquires New Stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Tyche Wealth Partners LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the fourth quarter, Holdings Channel reports. The fund acquired 11,427 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Beverly Hills Private Wealth LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $745,000. JGP Wealth Management LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at $271,000. Allspring Global Investments Holdings LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 4.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,109,028 shares of the company’s stock worth $23,068,000 after acquiring an additional 49,694 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 9.7% during the 3rd quarter. LPL Financial LLC now owns 198,430 shares of the company’s stock worth $3,852,000 after acquiring an additional 17,559 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter valued at about $879,000.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Blackrock Municipal 2030 Target Term Trust stock opened at $20.49 on Thursday. The company has a 50-day moving average price of $20.94 and a 200 day moving average price of $20.59. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $18.90 and a 12-month high of $21.70.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.046 per share. The ex-dividend date is Friday, April 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.69%.

Insider Activity

In related news, Portfolio Manager Christian Romaglino sold 1,519 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $21.12, for a total value of $32,081.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

About Blackrock Municipal 2030 Target Term Trust

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.