Of America Corp /De/ Bank Sells 1,164 Shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) major shareholder Of America Corp /De/ Bank sold 1,164 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $24.56, for a total value of $28,587.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Of America Corp /De/ Bank also recently made the following trade(s):

• On Friday, November 14th, Of America Corp /De/ Bank purchased 1,164 shares of Blackrock 2037 Municipal Target Term Trust stock. The stock was acquired at an average price of $24.76 per share, with a total value of $28,820.64.

Blackrock 2037 Municipal Target Term Trust Price Performance

NYSE BMN traded down $0.08 during trading on Thursday, hitting $24.64. The company’s stock had a trading volume of 21,064 shares, compared to its average volume of 13,271. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.04 and a fifty-two week high of $26.09. The business’s 50 day simple moving average is $24.91 and its 200-day simple moving average is $24.61.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $0.0938 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake 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 worth $2,611,000 after buying an additional 5,290 shares during the period. UBS Group AG increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% in the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after acquiring an additional 8,216 shares during the period. Raymond James Financial Inc. raised its stake in Blackrock 2037 Municipal Target Term Trust by 5.6% in the 3rd quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after acquiring an additional 1,746 shares during the last quarter. Van ECK Associates Corp lifted its position in Blackrock 2037 Municipal Target Term Trust by 8.7% during the 3rd quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock worth $694,000 after acquiring an additional 2,218 shares during the period. Finally, Jacobi Capital Management LLC acquired a new stake in Blackrock 2037 Municipal Target Term Trust during the 1st quarter worth about $659,000.

About Blackrock 2037 Municipal Target Term Trust

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.