HighTower Advisors LLC Grows Stock Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

HighTower Advisors LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 45.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,167 shares of the company’s stock after acquiring an additional 18,374 shares during the period. HighTower Advisors LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $1,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter worth $483,000. Integrated Wealth Concepts LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust by 9.9% during the third quarter. Integrated Wealth Concepts LLC now owns 38,968 shares of the company’s stock worth $842,000 after buying an additional 3,508 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the third quarter valued at about $1,898,000. Virtu Financial LLC purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 3rd quarter valued at approximately $290,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 42.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 71,302 shares of the company’s stock worth $1,503,000 after acquiring an additional 21,330 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Blackrock Municipal 2030 Target Term Trust stock opened at $21.26 on Wednesday. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.22 and a fifty-two week high of $21.83. The firm has a 50 day moving average price of $21.21 and a 200 day moving average price of $21.19.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0464 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.62%.

Blackrock Municipal 2030 Target Term Trust 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.