Oppenheimer & Co. Inc. Trims Stake in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Oppenheimer & Co. Inc. decreased its position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 48.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,678 shares of the company’s stock after selling 10,999 shares during the period. Oppenheimer & Co. Inc.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ackerman Capital Advisors LLC grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 2.4% during the 4th quarter. Ackerman Capital Advisors LLC now owns 24,243 shares of the company’s stock worth $499,000 after acquiring an additional 564 shares during the period. Waterfront Wealth Inc. grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 4.1% during the 4th quarter. Waterfront Wealth Inc. now owns 117,125 shares of the company’s stock worth $2,412,000 after acquiring an additional 4,652 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 32.3% during the 4th quarter. Wolverine Asset Management LLC now owns 57,449 shares of the company’s stock worth $1,183,000 after acquiring an additional 14,040 shares during the period. Private Advisor Group LLC grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 48.5% during the 4th quarter. Private Advisor Group LLC now owns 43,178 shares of the company’s stock worth $889,000 after acquiring an additional 14,106 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 2.9% during the 4th quarter. Sanctuary Advisors LLC now owns 73,343 shares of the company’s stock worth $1,542,000 after acquiring an additional 2,041 shares during the period.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Blackrock Municipal 2030 Target Term Trust stock opened at $21.41 on Friday. The stock’s 50 day moving average is $21.06 and its 200 day moving average is $21.20. 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 declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0464 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.60%.

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.