Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Share Price Passes Above 50-Day Moving Average of $20.72

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.72 and traded as high as $21.30. Blackrock Municipal 2030 Target Term Trust shares last traded at $21.27, with a volume of 103,484 shares.

Blackrock Municipal 2030 Target Term Trust Price Performance

The company has a fifty day simple moving average of $20.74 and a 200-day simple moving average of $20.83.

Blackrock Municipal 2030 Target Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.046 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.55 annualized dividend and a dividend yield of 2.60%.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

Several large investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its stake in Blackrock Municipal 2030 Target Term Trust by 3.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 19,762 shares of the company’s stock valued at $416,000 after purchasing an additional 600 shares during the period. Lindbrook Capital LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 100.0% in the first quarter. Lindbrook Capital LLC now owns 2,000 shares of the company’s stock worth $42,000 after acquiring an additional 1,000 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 0.6% in the fourth quarter. Jacobi Capital Management LLC now owns 163,023 shares of the company’s stock worth $3,391,000 after acquiring an additional 1,036 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth $42,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 4.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 62,469 shares of the company’s stock worth $1,316,000 after acquiring an additional 2,756 shares during the last quarter.

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.