Blackrock Municipal 2030 Target Term Trust $BTT Shares Acquired by Tortoise Investment Management LLC

Tortoise Investment Management LLC increased its stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 5.7% during the third quarter, HoldingsChannel.com reports. The fund owned 1,502,116 shares of the company’s stock after buying an additional 81,642 shares during the period. Blackrock Municipal 2030 Target Term Trust makes up approximately 2.5% of Tortoise Investment Management LLC’s holdings, making the stock its 7th biggest position. Tortoise Investment Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $32,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 3.2% in the 3rd quarter. Jacobi Capital Management LLC now owns 214,702 shares of the company’s stock valued at $4,689,000 after purchasing an additional 6,662 shares during the period. Narwhal Capital Management purchased a new position in Blackrock Municipal 2030 Target Term Trust in the 3rd quarter worth about $7,801,000. Allspring Global Investments Holdings LLC increased its stake in Blackrock Municipal 2030 Target Term Trust by 14.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,794,332 shares of the company’s stock worth $39,188,000 after purchasing an additional 230,472 shares in the last quarter. Beverly Hills Private Wealth LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 23.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 312,029 shares of the company’s stock worth $6,815,000 after buying an additional 58,722 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 7.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,640 shares of the company’s stock worth $1,128,000 after buying an additional 3,576 shares during the period.

Blackrock Municipal 2030 Target Term Trust Stock Performance

NYSE BTT opened at $22.19 on Friday. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $21.30 and a 1 year high of $23.24. The stock’s 50-day moving average price is $22.09 and its two-hundred day moving average price is $22.57.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.0464 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 13th.

Blackrock Municipal 2030 Target Term Trust Profile

BlackRock Municipal 2030 Target Term Trust (NYSE:BTT) is a closed-end management investment company sponsored and managed by BlackRock. The trust seeks to provide current income that is exempt from regular U.S. federal income tax, with a secondary objective of preserving capital and generating potential capital appreciation. The trust invests primarily in municipal obligations issued by states, territories, and possessions of the United States, as well as their political subdivisions and agencies.