Blackrock Municipal 2030 Target Term Trust $BTT Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 26.9% during the second quarter, Holdings Channel reports. The institutional investor owned 783,682 shares of the company’s stock after buying an additional 166,122 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $17,829,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BTT. Basepoint Wealth LLC bought a new position in Blackrock Municipal 2030 Target Term Trust during the fourth quarter valued at about $29,000. Core Wealth Advisors LLC bought a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth about $30,000. Chapman Financial Group LLC bought a new stake in Blackrock Municipal 2030 Target Term Trust in the second quarter worth about $44,000. CoreCap Advisors LLC lifted its holdings in Blackrock Municipal 2030 Target Term Trust by 25.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock valued at $57,000 after acquiring an additional 500 shares during the last quarter. Finally, Key Financial Inc acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the 1st quarter valued at about $88,000.

Insider Buying and Selling

In related news, Portfolio Manager Phillip Soccio sold 1,800 shares of the firm’s stock in a transaction that occurred on Saturday, August 1st. The shares were sold at an average price of $22.48, for a total transaction of $40,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Blackrock Municipal 2030 Target Term Trust Stock Performance

NYSE:BTT opened at $22.61 on Friday. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $22.15 and a twelve month high of $23.24. The company has a 50-day moving average of $22.66 and a 200-day moving average of $22.75.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0464 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.5%.

Blackrock Municipal 2030 Target Term Trust Company Profile

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a non-diversified, closed-end management investment company managed by BlackRock Fund Advisors. Launched in 2018, the trust seeks to provide shareholders with a high level of current income exempt from federal income tax, while also aiming for total return. Shares of BTT trade on the New York Stock Exchange, offering investors a means to access a portfolio of municipal securities through a publicly traded vehicle.

The trust’s primary investment activities focus on U.S.