Tortoise Investment Management LLC Buys 138,536 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

Tortoise Investment Management LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 11.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,361,137 shares of the company’s stock after buying an additional 138,536 shares during the period. Blackrock Municipal 2030 Target Term Trust makes up 2.7% of Tortoise Investment Management LLC’s portfolio, making the stock its 4th largest holding. Tortoise Investment Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $31,061,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pathstone Holdings LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 6.5% in the 3rd quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock valued at $50,806,000 after buying an additional 138,439 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 5.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,560,360 shares of the company’s stock valued at $35,607,000 after buying an additional 75,073 shares during the last quarter. City of London Investment Management Co. Ltd. grew its stake in Blackrock Municipal 2030 Target Term Trust by 8.8% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 662,759 shares of the company’s stock valued at $14,886,000 after buying an additional 53,700 shares during the last quarter. Sentinel Trust Co. LBA grew its stake in Blackrock Municipal 2030 Target Term Trust by 13.2% in the 4th quarter. Sentinel Trust Co. LBA now owns 609,630 shares of the company’s stock valued at $13,912,000 after buying an additional 70,960 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Blackrock Municipal 2030 Target Term Trust by 6.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 542,733 shares of the company’s stock valued at $12,385,000 after buying an additional 31,848 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.1%

Shares of BTT opened at $22.50 on Tuesday. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $21.05 and a 52 week high of $23.24. The firm’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $22.69.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0464 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

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.