Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) by 38.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,897 shares of the company’s stock after selling 12,792 shares during the period. Wells Fargo & Company MN’s holdings in Blackrock 2037 Municipal Target Term Trust were worth $535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Noble Wealth Management PBC purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at $1,586,000. Raymond James Financial Inc. acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at about $818,000. Truist Financial Corp increased its holdings in Blackrock 2037 Municipal Target Term Trust by 10.1% during the 4th quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock worth $548,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at $34,000.

Blackrock 2037 Municipal Target Term Trust Price Performance

BMN opened at $23.97 on Friday. The company has a 50-day moving average of $24.67 and a 200-day moving average of $25.11. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.04 and a 1-year high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Tuesday, April 15th.

Insider Activity

In related news, Portfolio Manager Christian Romaglino acquired 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $29,987.50. Following the completion of the acquisition, the portfolio manager now directly owns 4,551 shares in the company, valued at approximately $109,178.49. The trade was a 37.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Blackrock 2037 Municipal Target Term Trust Profile

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.