Insider Selling: Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Portfolio Manager Sells $40,464.00 in Stock

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Portfolio Manager Phillip Soccio sold 1,800 shares of the company’s stock in a transaction on Saturday, August 1st. The stock was sold at an average price of $22.48, for a total transaction of $40,464.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Blackrock Municipal 2030 Target Term Trust stock opened at $22.50 on Friday. The company’s 50-day moving average is $22.66 and its 200-day moving average is $22.75. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $22.15 and a fifty-two week high of $23.24.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0464 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 2.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Basepoint Wealth LLC bought a new stake in Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at $29,000. Core Wealth Advisors LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at $30,000. Chapman Financial Group LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the second quarter valued at about $44,000. CoreCap Advisors LLC raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 25.0% in the second quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock valued at $57,000 after purchasing an additional 500 shares during the period. Finally, Key Financial Inc acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 1st quarter worth about $88,000.

Blackrock Municipal 2030 Target Term Trust Company 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.