Bessemer Group Inc. Trims Stock Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Bessemer Group Inc. cut its stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 37.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,090 shares of the company’s stock after selling 3,036 shares during the period. Bessemer Group Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chapman Financial Group LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth about $41,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Blackrock Municipal 2030 Target Term Trust by 86.3% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 4,763 shares of the company’s stock worth $98,000 after purchasing an additional 2,207 shares in the last quarter. Aviance Capital Partners LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth about $214,000. Two Sigma Securities LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth about $220,000. Finally, NewEdge Advisors LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 5.6% during the fourth quarter. NewEdge Advisors LLC now owns 10,764 shares of the company’s stock worth $222,000 after purchasing an additional 573 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of BTT opened at $21.92 on Friday. The firm’s 50-day moving average is $21.44 and its two-hundred day moving average is $21.15. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $20.20 and a twelve month high of $22.00.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, July 15th. This represents a $0.56 annualized dividend and a yield of 2.54%.

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.