Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.99 and traded as low as $20.61. Blackrock Municipal 2030 Target Term Trust shares last traded at $20.63, with a volume of 226,651 shares.

Blackrock Municipal 2030 Target Term Trust Price Performance

The company has a fifty day moving average price of $20.99 and a two-hundred day moving average price of $21.16.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0464 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of institutional investors have recently modified their holdings of the business. Logan Stone Capital LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 79.0% during the 2nd quarter. Logan Stone Capital LLC now owns 671,281 shares of the company’s stock worth $13,943,000 after purchasing an additional 296,221 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 8.7% during the third quarter. Van ECK Associates Corp now owns 539,934 shares of the company’s stock worth $11,447,000 after buying an additional 43,381 shares during the last quarter. Pathstone Holdings LLC increased its position in Blackrock Municipal 2030 Target Term Trust by 138.1% in the 3rd quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock valued at $10,760,000 after acquiring an additional 288,682 shares during the period. City of London Investment Management Co. Ltd. raised its stake in Blackrock Municipal 2030 Target Term Trust by 3.6% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 443,809 shares of the company’s stock valued at $9,218,000 after acquiring an additional 15,482 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Blackrock Municipal 2030 Target Term Trust by 20.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 288,451 shares of the company’s stock worth $6,236,000 after acquiring an additional 49,793 shares during the period.

About Blackrock Municipal 2030 Target Term Trust

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.