Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.55 and traded as high as $22.55. Blackrock Municipal 2030 Target Term Trust shares last traded at $22.44, with a volume of 47,204 shares.

Blackrock Municipal 2030 Target Term Trust Trading Down 0.2%

The company’s 50-day moving average price is $22.55 and its two-hundred day moving average price is $22.06.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.0464 dividend. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 14th.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Andrew Hill Investment Advisors Inc. raised its position in Blackrock Municipal 2030 Target Term Trust by 1.7% during the 2nd quarter. Andrew Hill Investment Advisors Inc. now owns 27,789 shares of the company’s stock valued at $608,000 after purchasing an additional 465 shares during the last quarter. Petra Financial Advisors Inc. lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 2.5% in the 3rd quarter. Petra Financial Advisors Inc. now owns 27,700 shares of the company’s stock worth $622,000 after purchasing an additional 670 shares during the period. Riverbridge Partners LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 2.4% during the 3rd quarter. Riverbridge Partners LLC now owns 40,929 shares of the company’s stock valued at $919,000 after purchasing an additional 941 shares in the last quarter. Raymond James Financial Inc. raised its stake in Blackrock Municipal 2030 Target Term Trust by 1.3% in the second quarter. Raymond James Financial Inc. now owns 139,898 shares of the company’s stock worth $3,062,000 after buying an additional 1,793 shares in the last quarter. Finally, Global Wealth Strategies & Associates purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the third quarter worth about $44,000.

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.