1607 Capital Partners LLC Sells 24,323 Shares of Blackrock Municipal 2030 Target Term Trust $BTT

1607 Capital Partners LLC cut its position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 7.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 290,806 shares of the company’s stock after selling 24,323 shares during the period. 1607 Capital Partners LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Jefferies Financial Group Inc. raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 1.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 26,485 shares of the company’s stock valued at $604,000 after buying an additional 500 shares during the period. Cerity Partners LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 0.3% during the 4th quarter. Cerity Partners LLC now owns 143,450 shares of the company’s stock valued at $3,274,000 after purchasing an additional 500 shares during the period. NewEdge Advisors LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 2.7% during the 3rd quarter. NewEdge Advisors LLC now owns 22,243 shares of the company’s stock valued at $500,000 after purchasing an additional 591 shares during the period. Jacobi Capital Management LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 204,180 shares of the company’s stock valued at $4,659,000 after purchasing an additional 787 shares during the period. Finally, Petra Financial Advisors Inc. raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 3.1% during the 4th quarter. Petra Financial Advisors Inc. now owns 28,560 shares of the company’s stock valued at $652,000 after purchasing an additional 860 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Down 0.0%

NYSE:BTT opened at $22.65 on Thursday. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $21.50 and a 52-week high of $23.24. The business’s fifty day moving average is $22.80 and its 200 day moving average is $22.73.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0464 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th.

Blackrock Municipal 2030 Target Term Trust Profile

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a non-diversified, closed-end management investment company managed by BlackRock Fund Advisors. Launched in 2018, the trust seeks to provide shareholders with a high level of current income exempt from federal income tax, while also aiming for total return. Shares of BTT trade on the New York Stock Exchange, offering investors a means to access a portfolio of municipal securities through a publicly traded vehicle.

The trust’s primary investment activities focus on U.S.