Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Major Shareholder Purchases $28,820.64 in Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) major shareholder Of America Corp /De/ Bank acquired 1,164 shares of the business’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of $24.76 per share, for a total transaction of $28,820.64. Following the completion of the transaction, the insider owned 1,164 shares in the company, valued at approximately $28,820.64. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.3%

Shares of BMN stock traded down $0.07 during midday trading on Tuesday, reaching $24.64. 14,014 shares of the stock were exchanged, compared to its average volume of 13,253. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.04 and a 1 year high of $26.09. The company’s 50 day moving average is $24.92 and its two-hundred day moving average is $24.61.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.0938 dividend. The ex-dividend date is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BMN. Raymond James Financial Inc. increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% during the third quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock valued at $825,000 after purchasing an additional 1,746 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% during the third quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock valued at $694,000 after buying an additional 2,218 shares during the last quarter. Truist Financial Corp increased its holdings in Blackrock 2037 Municipal Target Term Trust by 13.4% in the 2nd quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock worth $592,000 after buying an additional 2,848 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 173.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after acquiring an additional 3,170 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 5.4% during the third quarter. Bank of America Corp DE now owns 104,095 shares of the company’s stock valued at $2,611,000 after purchasing an additional 5,290 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.