Bank of New York Mellon Corp Lowers Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Bank of New York Mellon Corp trimmed its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,840 shares of the company’s stock after selling 5,621 shares during the quarter. Bank of New York Mellon Corp’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $973,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position in Blackrock Municipal 2030 Target Term Trust by 3.1% during the first quarter. Oppenheimer & Co. Inc. now owns 19,762 shares of the company’s stock worth $416,000 after purchasing an additional 600 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 100.0% during the 1st quarter. Lindbrook Capital LLC now owns 2,000 shares of the company’s stock worth $42,000 after buying an additional 1,000 shares during the period. Jacobi Capital Management LLC lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 0.6% during the 4th quarter. Jacobi Capital Management LLC now owns 163,023 shares of the company’s stock valued at $3,391,000 after buying an additional 1,036 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 4.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 62,469 shares of the company’s stock valued at $1,316,000 after acquiring an additional 2,756 shares during the period. Finally, Maltin Wealth Management Inc. grew its stake in Blackrock Municipal 2030 Target Term Trust by 12.8% in the 2nd quarter. Maltin Wealth Management Inc. now owns 37,227 shares of the company’s stock valued at $773,000 after acquiring an additional 4,238 shares during the period.

Blackrock Municipal 2030 Target Term Trust Stock Performance

NYSE:BTT opened at $21.53 on Friday. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $18.90 and a fifty-two week high of $21.74. The company has a fifty day moving average of $21.27 and a two-hundred day moving average of $20.90.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0464 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.56 annualized dividend and a dividend yield of 2.59%.

Blackrock Municipal 2030 Target Term Trust Company 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.