Almitas Capital LLC Buys New Shares in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Almitas Capital LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) in the second quarter, according to its most recent filing with the SEC. The firm purchased 77,392 shares of the company’s stock, valued at approximately $1,607,000.

A number of other large investors have also recently bought and sold shares of the business. Karpus Management Inc. boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 33.0% during the 4th quarter. Karpus Management Inc. now owns 2,512,207 shares of the company’s stock valued at $52,254,000 after purchasing an additional 623,183 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 1,131.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 398,173 shares of the company’s stock worth $8,270,000 after buying an additional 365,845 shares in the last quarter. Logan Stone Capital LLC grew its position in shares of 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 buying an additional 296,221 shares during the period. City of London Investment Management Co. Ltd. increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 130.0% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 428,327 shares of the company’s stock valued at $9,021,000 after acquiring an additional 242,073 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 280.3% in the 4th quarter. 1607 Capital Partners LLC now owns 273,728 shares of the company’s stock valued at $5,694,000 after acquiring an additional 201,753 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE BTT opened at $21.65 on Friday. The company’s fifty day simple moving average is $21.34 and its 200 day simple moving average is $20.92. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $18.90 and a 12-month high of $21.74.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0464 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.57%.

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.