Integrated Capital Management Inc. Buys New Shares in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Integrated Capital Management Inc. bought a new position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 15,263 shares of the company’s stock, valued at approximately $314,000. Blackrock Municipal 2030 Target Term Trust accounts for approximately 0.2% of Integrated Capital Management Inc.’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust in the second quarter worth about $42,000. Pathstone Holdings LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 138.1% during the 3rd quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after acquiring an additional 288,682 shares during the last quarter. Almitas Capital LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter worth approximately $1,607,000. Anchor Investment Management LLC increased its stake in Blackrock Municipal 2030 Target Term Trust by 9.8% in the 2nd quarter. Anchor Investment Management LLC now owns 67,863 shares of the company’s stock worth $1,410,000 after purchasing an additional 6,033 shares during the period. Finally, Magnus Financial Group LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 8.9% in the third quarter. Magnus Financial Group LLC now owns 24,516 shares of the company’s stock valued at $530,000 after purchasing an additional 2,004 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $20.56 on Tuesday. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $20.22 and a 52-week high of $21.83. The company’s 50 day moving average price is $20.97 and its 200-day moving average price is $21.17.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0464 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, January 15th.

Blackrock Municipal 2030 Target Term Trust 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.