Truist Financial Corp Acquires New Position in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Truist Financial Corp bought a new position in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,500 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds also recently added to or reduced their stakes in BMN. Wealth Enhancement Advisory Services LLC grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 52.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company’s stock worth $413,000 after acquiring an additional 5,730 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth about $214,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Blackrock 2037 Municipal Target Term Trust during the 2nd quarter worth about $222,000. Commonwealth Equity Services LLC acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the 2nd quarter valued at about $493,000. Finally, Retirement Planning Group LLC acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the first quarter worth about $1,770,000.

Blackrock 2037 Municipal Target Term Trust Stock Performance

BMN stock opened at $25.22 on Friday. The company’s 50 day moving average price is $25.12 and its 200 day moving average price is $24.68. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $21.51 and a fifty-two week high of $26.14.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, October 15th.

Blackrock 2037 Municipal Target Term Trust Profile

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.