Integrated Capital Management Inc. Takes Position in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT)

Integrated Capital Management Inc. bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 15,263 shares of the company’s stock, valued at approximately $314,000. Blackrock Municipal 2030 Target Term Trust comprises approximately 0.2% of Integrated Capital Management Inc.’s investment portfolio, making the stock its 28th largest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 2nd quarter worth about $42,000. Virtu Financial LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 3rd quarter valued at approximately $290,000. Avior Wealth Management LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 37.9% during the third quarter. Avior Wealth Management LLC now owns 17,614 shares of the company’s stock valued at $381,000 after purchasing an additional 4,844 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the third quarter worth $483,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Blackrock Municipal 2030 Target Term Trust by 14.2% in the third quarter. Oppenheimer & Co. Inc. now owns 22,677 shares of the company’s stock worth $490,000 after purchasing an additional 2,823 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of BTT stock opened at $20.56 on Tuesday. The company’s fifty day moving average price is $20.97 and its 200-day moving average price is $21.17. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.22 and a 12 month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0464 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Wednesday, January 15th.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.