Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 1.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 527,339 shares of the company’s stock after acquiring an additional 7,646 shares during the period. Van ECK Associates Corp’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $11,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BTT. Beverly Hills Private Wealth LLC bought a new position in Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at $745,000. Relative Value Partners Group LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth $1,420,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 4.7% during 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 in the last quarter. JGP Wealth Management LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth $271,000. Finally, Covenant Asset Management LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 16.9% during the 4th quarter. Covenant Asset Management LLC now owns 22,750 shares of the company’s stock worth $473,000 after acquiring an additional 3,290 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of BTT traded up $0.12 during trading hours on Friday, hitting $20.91. 104,896 shares of the company were exchanged, compared to its average volume of 135,984. The firm has a fifty day simple moving average of $20.61 and a 200-day simple moving average of $20.82. Blackrock Municipal 2030 Target Term Trust has a one year low of $18.90 and a one year high of $21.64.

Blackrock Municipal 2030 Target Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.0464 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Blackrock Municipal 2030 Target Term Trust’s previous monthly dividend of $0.05.

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.