Noble Wealth Management PBC Has $458,000 Stock Holdings in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Noble Wealth Management PBC lessened its stake in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) by 70.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,085 shares of the company’s stock after selling 43,906 shares during the quarter. Noble Wealth Management PBC’s holdings in Blackrock 2037 Municipal Target Term Trust were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BMN. Raymond James Financial Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth about $818,000. Truist Financial Corp increased its position in Blackrock 2037 Municipal Target Term Trust by 10.1% during the fourth quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock worth $548,000 after acquiring an additional 1,958 shares during the period. Finally, Bank of America Corp DE increased its position in Blackrock 2037 Municipal Target Term Trust by 0.7% during the fourth quarter. Bank of America Corp DE now owns 132,694 shares of the company’s stock worth $3,396,000 after acquiring an additional 987 shares during the period.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.7%

NYSE:BMN opened at $24.59 on Thursday. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $23.04 and a 52 week high of $26.14. The firm’s 50-day simple moving average is $24.07 and its 200 day simple moving average is $24.94.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, June 13th.

Insider Buying and Selling

In other news, Portfolio Manager Christian Romaglino bought 1,250 shares of the firm’s stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of $23.99 per share, with a total value of $29,987.50. Following the acquisition, the portfolio manager now directly owns 4,551 shares in the company, valued at $109,178.49. This represents a 37.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Blackrock 2037 Municipal Target Term Trust

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.