Independent Advisor Alliance Makes New Investment in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Independent Advisor Alliance bought a new position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,901 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ackerman Capital Advisors LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 2.4% during the 4th quarter. Ackerman Capital Advisors LLC now owns 24,243 shares of the company’s stock worth $499,000 after acquiring an additional 564 shares during the period. Spire Wealth Management bought a new stake in Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $29,000. Westside Investment Management Inc. bought a new stake in Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at approximately $38,000. Sanctuary Advisors LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 2.9% during the 4th quarter. Sanctuary Advisors LLC now owns 73,343 shares of the company’s stock valued at $1,542,000 after purchasing an additional 2,041 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at approximately $45,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of BTT opened at $21.27 on Monday. The business’s 50 day moving average is $21.13 and its 200 day moving average is $21.20. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $20.22 and a 12-month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0464 per share. This represents a $0.56 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, March 14th.

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.