Pinnacle Associates Ltd. Has $1.19 Million Stock Holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Pinnacle Associates Ltd. lowered its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTTFree Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,064 shares of the company’s stock after selling 1,961 shares during the period. Pinnacle Associates Ltd.’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $1,187,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BTT. Successful Portfolios LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 4.4% in the 4th quarter. Successful Portfolios LLC now owns 23,607 shares of the company’s stock valued at $491,000 after buying an additional 1,000 shares during the period. Edge Wealth Management LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $270,000. JGP Wealth Management LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the fourth quarter valued at approximately $271,000. Anchor Investment Management LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth approximately $1,206,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 3rd quarter worth $879,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE BTT opened at $20.78 on Wednesday. The company has a fifty day simple moving average of $21.08 and a 200 day simple moving average of $20.52. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $18.90 and a 12-month high of $21.86.

Blackrock Municipal 2030 Target Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.046 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, March 14th.

Insider Activity

In related news, Portfolio Manager Christian Romaglino sold 1,519 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $21.12, for a total value of $32,081.28. The transaction was disclosed in a document filed with the SEC, which is available at this link.

About Blackrock Municipal 2030 Target Term Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

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