Blackrock 2037 Municipal Target Term Trust (NYSE:BMN - Get Free Report) VP Jonathan Diorio bought 500 shares of the company's stock in a transaction that occurred on Thursday, January 26th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $12,500.00. Following the acquisition, the vice president now owns 500 shares of the company's stock, valued at $12,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Blackrock 2037 Municipal Target Term Trust Price Performance
BMN stock opened at $25.21 on Wednesday. The stock has a 50-day moving average price of $25.02 and a 200-day moving average price of $24.59. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $21.51 and a 1-year high of $26.14.
Blackrock 2037 Municipal Target Term Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.0938 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.13 dividend on an annualized basis and a yield of 4.46%.
Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust
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A number of institutional investors and hedge funds have recently modified their holdings of BMN. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 52.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company's stock valued at $413,000 after acquiring an additional 5,730 shares in the last quarter. Truist Financial Corp acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the second quarter worth $210,000. Dorsey & Whitney Trust CO LLC bought a new stake in Blackrock 2037 Municipal Target Term Trust in the second quarter valued at $222,000. Nomura Holdings Inc. acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at about $214,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter valued at about $493,000.
Blackrock 2037 Municipal Target Term Trust Company Profile
(
Get 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.
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