9,000 Shares in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Bought by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC acquired a new stake in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) during the second quarter, HoldingsChannel reports. The fund acquired 9,000 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors also recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at about $214,000. Wealth Enhancement Advisory Services LLC boosted its holdings 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 purchasing an additional 5,730 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Blackrock 2037 Municipal Target Term Trust during the 2nd quarter worth approximately $493,000. Finally, Retirement Planning Group LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 1st quarter worth approximately $1,770,000.

Blackrock 2037 Municipal Target Term Trust Price Performance

BMN opened at $25.07 on Friday. The business has a 50 day simple moving average of $24.89 and a 200-day simple moving average of $24.46. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $21.51 and a 12 month high of $25.45.

Blackrock 2037 Municipal Target Term Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a dividend of $0.0938 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.13 annualized dividend and a dividend yield of 4.49%.

About Blackrock 2037 Municipal Target Term Trust

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.