Blackrock 2037 Municipal Target Term Trust (NYSE:BMN - Get Free Report) Portfolio Manager Christian Romaglino bought 1,250 shares of Blackrock 2037 Municipal Target Term Trust stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average price of $23.99 per share, with a total value of $29,987.50. Following the completion of the purchase, the portfolio manager now owns 4,551 shares in the company, valued at $109,178.49. This trade represents a 37.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Blackrock 2037 Municipal Target Term Trust Trading Down 1.5 %
Shares of NYSE:BMN opened at $23.65 on Friday. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $23.15 and a 52-week high of $26.14. The business's 50 day simple moving average is $25.17 and its two-hundred day simple moving average is $25.26.
Blackrock 2037 Municipal Target Term Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Tuesday, April 15th.
Institutional Trading of Blackrock 2037 Municipal Target Term Trust
Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% during the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company's stock valued at $363,000 after buying an additional 4,168 shares during the last quarter. Truist Financial Corp lifted its position in Blackrock 2037 Municipal Target Term Trust by 10.1% in the 4th 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. Raymond James Financial Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust in the 4th quarter valued at about $818,000. Westside Investment Management Inc. acquired a new position in Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at about $34,000. Finally, Noble Wealth Management PBC bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth approximately $1,586,000.
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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