Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Trading Down 1% – Should You Sell?

Shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) fell 1% on Wednesday . The stock traded as low as $25.79 and last traded at $25.79. 3,940 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 8,537 shares. The stock had previously closed at $26.04.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.1%

The firm’s fifty day moving average price is $25.51 and its 200-day moving average price is $25.96.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its position in Blackrock 2037 Municipal Target Term Trust by 0.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock valued at $3,394,000 after purchasing an additional 630 shares during the last quarter. Invesco Ltd. increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 4.6% during the fourth quarter. Invesco Ltd. now owns 18,264 shares of the company’s stock valued at $478,000 after buying an additional 802 shares during the period. Raymond James Financial Inc. raised its holdings 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 acquiring an additional 1,746 shares in the last quarter. Van ECK Associates Corp lifted its stake in Blackrock 2037 Municipal Target Term Trust by 6.3% in the second quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after acquiring an additional 2,154 shares during the period. Finally, DUTCH ASSET Corp increased its position in Blackrock 2037 Municipal Target Term Trust by 30.3% during the 1st quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock valued at $300,000 after purchasing 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 by BlackRock, Inc, one of the world’s largest asset managers. The trust was established to provide investors with exposure to a diversified portfolio of U.S. municipal securities and seeks to deliver federally tax-exempt income. As a target-term fund, BMN has a predetermined termination date of January 23, 2037, at which time the trust’s assets will be liquidated and net proceeds distributed to shareholders.

The fund’s investment objective is current income exempt from regular U.S.