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

Raymond James Financial Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,950 shares of the company’s stock, valued at approximately $818,000.

Several other large investors have also bought and sold shares of the stock. Westside Investment Management Inc. acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at about $34,000. Truist Financial Corp increased its position 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 valued at $548,000 after purchasing an additional 1,958 shares during the period. Finally, Noble Wealth Management PBC bought a new position in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth approximately $1,586,000.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.2 %

NYSE:BMN opened at $24.04 on Wednesday. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $23.04 and a 52 week high of $26.14. The firm’s fifty day moving average is $24.61 and its 200-day moving average is $25.09.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0938 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.13 dividend on an annualized basis and a yield of 4.68%.

Insider Transactions at Blackrock 2037 Municipal Target Term Trust

In other Blackrock 2037 Municipal Target Term Trust news, Portfolio Manager Christian Romaglino purchased 1,250 shares of the firm’s stock in a transaction on Wednesday, April 9th. The stock was acquired at an average price of $23.99 per share, for a total transaction of $29,987.50. Following the purchase, the portfolio manager now owns 4,551 shares of the company’s stock, valued at $109,178.49. This trade represents a 37.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

About Blackrock 2037 Municipal Target Term Trust

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.