M&T Bank Corp Invests $232,000 in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

M&T Bank Corp bought a new stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) during the first quarter, HoldingsChannel reports. The fund bought 10,887 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTT. Almitas Capital LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 179.6% in the 4th quarter. Almitas Capital LLC now owns 1,501,061 shares of the company’s stock worth $30,907,000 after buying an additional 964,150 shares during the period. Pathstone Holdings LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 92.6% during the 4th quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock worth $19,737,000 after purchasing an additional 460,836 shares during the period. Kovitz Investment Group Partners LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 199.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 262,825 shares of the company’s stock worth $5,412,000 after purchasing an additional 175,022 shares during the period. Mackay Shields LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 11.6% during the 1st quarter. Mackay Shields LLC now owns 1,563,907 shares of the company’s stock worth $33,202,000 after purchasing an additional 162,206 shares during the period. Finally, 1607 Capital Partners LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 100.3% during the 4th quarter. 1607 Capital Partners LLC now owns 315,019 shares of the company’s stock worth $6,486,000 after purchasing an additional 157,784 shares during the period.

Blackrock Municipal 2030 Target Term Trust Stock Up 0.0%

Shares of BTT opened at $22.02 on Friday. The business’s 50-day moving average is $21.60 and its two-hundred day moving average is $21.26. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.20 and a fifty-two week high of $22.08.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.0464 per share. This represents a $0.56 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, July 15th.

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.