Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.99 and traded as low as $20.61. Blackrock Municipal 2030 Target Term Trust shares last traded at $20.63, with a volume of 226,651 shares trading hands.

Blackrock Municipal 2030 Target Term Trust Price Performance

The firm has a 50 day moving average price of $20.98 and a two-hundred day moving average price of $21.16.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0464 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.56 annualized dividend and a yield of 2.70%.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Logan Stone Capital LLC grew its position in shares of Blackrock Municipal 2030 Target Term Trust by 79.0% during the 2nd quarter. Logan Stone Capital LLC now owns 671,281 shares of the company’s stock worth $13,943,000 after buying an additional 296,221 shares during the period. Van ECK Associates Corp grew its holdings in Blackrock Municipal 2030 Target Term Trust by 8.7% in the third quarter. Van ECK Associates Corp now owns 539,934 shares of the company’s stock worth $11,447,000 after purchasing an additional 43,381 shares during the period. Pathstone Holdings LLC grew its holdings in Blackrock Municipal 2030 Target Term Trust by 138.1% in the third quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after purchasing an additional 288,682 shares during the period. City of London Investment Management Co. Ltd. raised its stake in Blackrock Municipal 2030 Target Term Trust by 3.6% during 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 buying an additional 15,482 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 20.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 288,451 shares of the company’s stock worth $6,236,000 after purchasing an additional 49,793 shares during the period.

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.