Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Major Shareholder Of America Corp /De/ Bank Purchases 3,070 Shares of Company Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) major shareholder Of America Corp /De/ Bank purchased 3,070 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were acquired at an average price of $22.98 per share, for a total transaction of $70,548.60. Following the acquisition, the insider owned 3,070 shares of the company’s stock, valued at $70,548.60. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of Blackrock 2037 Municipal Target Term Trust stock opened at $22.98 on Friday. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $21.28 and a twelve month high of $27.96. The company’s fifty day moving average is $23.59 and its 200 day moving average is $25.41.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0993 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.19 annualized dividend and a yield of 5.2%.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 0.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after buying an additional 630 shares during the period. Bank of America Corp DE raised its stake in Blackrock 2037 Municipal Target Term Trust by 6.1% during the first quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock worth $3,179,000 after buying an additional 7,029 shares during the last quarter. Van ECK Associates Corp raised its stake in Blackrock 2037 Municipal Target Term Trust by 6.3% during the second quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after buying an additional 2,154 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in Blackrock 2037 Municipal Target Term Trust in the third quarter valued at $573,000. Finally, DUTCH ASSET Corp lifted its holdings in Blackrock 2037 Municipal Target Term Trust by 30.3% in the first quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock valued at $300,000 after buying an additional 2,689 shares during the period.

About Blackrock 2037 Municipal Target Term Trust

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company sponsored and managed by BlackRock. The fund is designed to provide current income that is exempt from regular U.S. federal income tax, although some income may be subject to the alternative minimum tax or state and local taxes.

BMN invests primarily in a portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, public authorities and similar governmental entities.