Advisors Asset Management Inc. Sells 33,457 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Advisors Asset Management Inc. lowered its stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 48.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,147 shares of the company’s stock after selling 33,457 shares during the period. Advisors Asset Management Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Blackrock Municipal 2030 Target Term Trust by 26.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 159,273 shares of the company’s stock valued at $3,486,000 after buying an additional 32,865 shares in the last quarter. Petra Financial Advisors Inc. grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 12.2% during the 2nd quarter. Petra Financial Advisors Inc. now owns 27,030 shares of the company’s stock valued at $592,000 after purchasing an additional 2,935 shares during the period. Aviance Capital Partners LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 20.7% during the second quarter. Aviance Capital Partners LLC now owns 13,484 shares of the company’s stock valued at $295,000 after buying an additional 2,314 shares during the last quarter. Maltin Wealth Management Inc. increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 14.3% in the 2nd quarter. Maltin Wealth Management Inc. now owns 129,683 shares of the company’s stock worth $2,839,000 after purchasing an additional 16,273 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 9.5% in the second quarter. Tortoise Investment Management LLC now owns 1,189,486 shares of the company’s stock worth $26,038,000 after buying an additional 103,140 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.5%

NYSE:BTT opened at $22.92 on Wednesday. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $20.20 and a 12-month high of $23.03. The stock has a 50-day moving average price of $22.66 and a 200 day moving average price of $22.53.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.0464 dividend. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th.

Blackrock Municipal 2030 Target Term Trust 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.