Oppenheimer & Co. Inc. Cuts Stock Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Oppenheimer & Co. Inc. cut its holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 48.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,678 shares of the company’s stock after selling 10,999 shares during the period. Oppenheimer & Co. Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ackerman Capital Advisors LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 2.4% in the 4th quarter. Ackerman Capital Advisors LLC now owns 24,243 shares of the company’s stock valued at $499,000 after acquiring an additional 564 shares in the last quarter. Spire Wealth Management bought a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at $29,000. Wolverine Asset Management LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 4.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 43,409 shares of the company’s stock valued at $939,000 after buying an additional 1,775 shares during the period. Westside Investment Management Inc. bought a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at $38,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 2.9% during the 4th quarter. Sanctuary Advisors LLC now owns 73,343 shares of the company’s stock valued at $1,542,000 after buying an additional 2,041 shares during the period.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE BTT opened at $21.41 on Friday. Blackrock Municipal 2030 Target Term Trust has a 1-year low of $20.22 and a 1-year high of $21.83. The business’s fifty day moving average price is $21.06 and its 200-day moving average price is $21.20.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0464 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.60%.

About Blackrock Municipal 2030 Target Term Trust

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.