Covenant Asset Management LLC Reduces Stock Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Covenant Asset Management LLC decreased its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 10.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,350 shares of the company’s stock after selling 2,400 shares during the quarter. Covenant Asset Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $440,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in Blackrock Municipal 2030 Target Term Trust by 7.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 70,488 shares of the company’s stock valued at $1,464,000 after purchasing an additional 5,115 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 28.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 80,540 shares of the company’s stock valued at $1,673,000 after buying an additional 18,071 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth $42,000. Pathstone Holdings LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 138.1% in the 3rd quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after buying an additional 288,682 shares in the last quarter. Finally, Almitas Capital LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter valued at about $1,607,000.

Blackrock Municipal 2030 Target Term Trust Stock Performance

NYSE:BTT opened at $21.04 on Friday. The firm has a 50-day moving average price of $21.39 and a two-hundred day moving average price of $21.08. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $20.22 and a twelve month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0464 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.56 annualized dividend and a dividend yield of 2.65%.

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.