Hennion & Walsh Asset Management Inc. Buys 70,952 Shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Hennion & Walsh Asset Management Inc. grew its stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 24.6% in the 4th quarter, HoldingsChannel reports. The fund owned 359,403 shares of the company’s stock after purchasing an additional 70,952 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $7,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BTT. Wolverine Asset Management LLC lifted its holdings in Blackrock Municipal 2030 Target Term Trust by 4.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 43,409 shares of the company’s stock worth $939,000 after purchasing an additional 1,775 shares during the last quarter. Magnus Financial Group LLC increased its position in Blackrock Municipal 2030 Target Term Trust by 8.9% during the 3rd quarter. Magnus Financial Group LLC now owns 24,516 shares of the company’s stock worth $530,000 after buying an additional 2,004 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 14.2% during the third quarter. Oppenheimer & Co. Inc. now owns 22,677 shares of the company’s stock worth $490,000 after buying an additional 2,823 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 9.9% in the third quarter. Integrated Wealth Concepts LLC now owns 38,968 shares of the company’s stock valued at $842,000 after acquiring an additional 3,508 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 37.9% in the third quarter. Avior Wealth Management LLC now owns 17,614 shares of the company’s stock valued at $381,000 after acquiring an additional 4,844 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Up 0.4 %

NYSE:BTT opened at $20.74 on Thursday. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.22 and a 52 week high of $21.83. The firm’s 50-day simple moving average is $20.95 and its 200 day simple moving average is $21.16.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0464 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.56 annualized dividend and a dividend yield of 2.68%.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.