Northwestern Mutual Wealth Management Co. Sells 1,410 Shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 28.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,564 shares of the company’s stock after selling 1,410 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $74,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BTT. Almitas Capital LLC purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 2nd quarter worth approximately $1,607,000. Logan Stone Capital LLC increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 79.0% during the second quarter. Logan Stone Capital LLC now owns 671,281 shares of the company’s stock valued at $13,943,000 after acquiring an additional 296,221 shares in the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 3.6% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 443,809 shares of the company’s stock worth $9,218,000 after purchasing an additional 15,482 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust by 74.5% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 106,919 shares of the company’s stock worth $2,221,000 after purchasing an additional 45,662 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd grew its position in Blackrock Municipal 2030 Target Term Trust by 12.7% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 61,667 shares of the company’s stock valued at $1,281,000 after purchasing an additional 6,925 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Up 0.2 %

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $21.58 on Friday. The company has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $20.96. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $18.90 and a 52-week high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0464 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a yield of 2.58%.

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.