Truist Financial Corp Invests $210,000 in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Truist Financial Corp bought a new stake in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the second quarter, HoldingsChannel reports. The fund bought 8,500 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the fourth 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 valued at approximately $222,000. Wealth Enhancement Advisory Services LLC lifted its position in Blackrock 2037 Municipal Target Term Trust by 52.2% during the 2nd 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 during the period. Commonwealth Equity Services LLC acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the second quarter valued at approximately $493,000. Finally, Retirement Planning Group LLC purchased a new position in Blackrock 2037 Municipal Target Term Trust during the 1st quarter worth $1,770,000.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of NYSE:BMN opened at $25.22 on Friday. The company has a 50-day moving average price of $25.12 and a 200 day moving average price of $24.68. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $21.51 and a 52 week high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

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

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.