Rivernorth Capital Management LLC Has $20.01 Million Stock Position in Blackrock Municipal 2030 Target Term Trust $BTT

Rivernorth Capital Management LLC lessened its holdings in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) by 24.4% during the first quarter, Holdings Channel.com reports. The firm owned 881,402 shares of the company’s stock after selling 284,985 shares during the quarter. Blackrock Municipal 2030 Target Term Trust makes up 1.0% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Rivernorth Capital Management LLC’s holdings in Blackrock Municipal 2030 Target Term Trust were worth $20,008,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Everest Financial Group LLC bought a new position in Blackrock Municipal 2030 Target Term Trust during the 1st quarter worth $279,000. Petra Financial Advisors Inc. raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 99.5% during the first quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock worth $1,293,000 after acquiring an additional 28,415 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 17.2% during the first quarter. PNC Financial Services Group Inc. now owns 51,734 shares of the company’s stock worth $1,174,000 after acquiring an additional 7,600 shares during the last quarter. Scarborough Advisors LLC lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 0.4% in the first quarter. Scarborough Advisors LLC now owns 120,571 shares of the company’s stock worth $2,737,000 after acquiring an additional 454 shares during the period. Finally, Sentinel Trust Co. LBA boosted its holdings in Blackrock Municipal 2030 Target Term Trust by 37.3% in the first quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock valued at $18,994,000 after acquiring an additional 227,104 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE:BTT opened at $22.52 on Wednesday. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $21.93 and a fifty-two week high of $23.24. The company has a 50 day simple moving average of $22.69 and a two-hundred day simple moving average of $22.76.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

Blackrock Municipal 2030 Target Term Trust Company 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.