Eldridge Investment Advisors Inc. Invests $1.48 Million in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Eldridge Investment Advisors Inc. purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,916 shares of the company’s stock, valued at approximately $1,475,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Beverly Hills Private Wealth LLC bought a new position in Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $745,000. Allspring Global Investments Holdings LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 4.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,109,028 shares of the company’s stock worth $23,068,000 after buying an additional 49,694 shares during the period. JGP Wealth Management LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth $271,000. LPL Financial LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 9.7% during the 3rd quarter. LPL Financial LLC now owns 198,430 shares of the company’s stock valued at $3,852,000 after buying an additional 17,559 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust during the 3rd quarter valued at $879,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

Blackrock Municipal 2030 Target Term Trust stock traded down $0.04 during trading hours on Thursday, reaching $20.55. The stock had a trading volume of 81,945 shares, compared to its average volume of 138,780. The company has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $20.67. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $18.90 and a 52 week high of $21.64.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th were issued a $0.046 dividend. This represents a $0.55 annualized dividend and a yield of 2.69%. The ex-dividend date was Friday, April 12th.

About Blackrock Municipal 2030 Target Term Trust

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.