HighTower Advisors LLC Has $363,000 Position in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

HighTower Advisors LLC lifted its position in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) by 41.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,168 shares of the company’s stock after purchasing an additional 4,168 shares during the period. HighTower Advisors LLC’s holdings in Blackrock 2037 Municipal Target Term Trust were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in Blackrock 2037 Municipal Target Term Trust during the second quarter worth approximately $493,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter worth approximately $222,000. Truist Financial Corp acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter worth approximately $210,000. Wealth Enhancement Advisory Services LLC raised its stake in Blackrock 2037 Municipal Target Term Trust by 52.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company’s stock valued at $413,000 after acquiring an additional 5,730 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Blackrock 2037 Municipal Target Term Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock valued at $880,000 after purchasing an additional 3,858 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.4 %

BMN stock opened at $25.15 on Monday. Blackrock 2037 Municipal Target Term Trust has a one year low of $23.43 and a one year high of $26.14. The company has a fifty day moving average price of $25.21 and a two-hundred day moving average price of $24.99.

Blackrock 2037 Municipal Target Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.0938 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.13 dividend on an annualized basis and a yield of 4.47%.

Blackrock 2037 Municipal Target Term Trust Company 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.