Raymond James Financial Inc. Invests $818,000 in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Posted by Defense World Staff on Apr 6th, 2025

Raymond James Financial Inc. bought a new position in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,950 shares of the company’s stock, valued at approximately $818,000.

Several other hedge funds have also added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in Blackrock 2037 Municipal Target Term Trust in the 4th quarter valued at $1,586,000. HighTower Advisors LLC boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% in the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock valued at $363,000 after acquiring an additional 4,168 shares during the period. Truist Financial Corp grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 10.1% in the fourth quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock valued at $548,000 after acquiring an additional 1,958 shares in the last quarter. Finally, Westside Investment Management Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth about $34,000.

Blackrock 2037 Municipal Target Term Trust Price Performance

NYSE BMN opened at $24.83 on Friday. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.68 and a 12-month high of $26.14. The firm has a 50-day moving average price of $25.33 and a two-hundred day moving average price of $25.31.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Tuesday, April 15th.

Blackrock 2037 Municipal Target Term Trust Company Profile

(Free Report)

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.