Van ECK Associates Corp Cuts Holdings in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Van ECK Associates Corp trimmed its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496,553 shares of the company’s stock after selling 30,786 shares during the quarter. Van ECK Associates Corp’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $10,313,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Karpus Management Inc. increased its holdings in Blackrock Municipal 2030 Target Term Trust by 33.0% during the fourth quarter. Karpus Management Inc. now owns 2,512,207 shares of the company’s stock valued at $52,254,000 after buying an additional 623,183 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 9.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,214,689 shares of the company’s stock valued at $25,229,000 after buying an additional 105,661 shares during the period. City of London Investment Management Co. Ltd. increased its holdings in Blackrock Municipal 2030 Target Term Trust by 130.0% during the first quarter. City of London Investment Management Co. Ltd. now owns 428,327 shares of the company’s stock valued at $9,021,000 after buying an additional 242,073 shares during the period. 1607 Capital Partners LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 280.3% during the fourth quarter. 1607 Capital Partners LLC now owns 273,728 shares of the company’s stock valued at $5,694,000 after buying an additional 201,753 shares during the period. Finally, Sentinel Trust Co. LBA increased its holdings in Blackrock Municipal 2030 Target Term Trust by 45.3% during the fourth quarter. Sentinel Trust Co. LBA now owns 242,735 shares of the company’s stock valued at $5,049,000 after buying an additional 75,680 shares during the period.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of BTT stock opened at $21.39 on Monday. The company’s 50 day moving average is $21.05 and its 200 day moving average is $20.85. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $18.90 and a 52-week high of $21.64.

Blackrock Municipal 2030 Target Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.046 dividend. This represents a $0.55 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, August 15th.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.