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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) major shareholder Of America Corp /De/ Bank acquired 3,070 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was purchased at an average cost of $22.98 per share, with a total value of $70,548.60. Following the transaction, the insider owned 3,070 shares of the company’s stock, valued at approximately $70,548.60. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.3%

BMN stock opened at $22.92 on Friday. The company has a 50 day moving average price of $23.54 and a two-hundred day moving average price of $25.40. Blackrock 2037 Municipal Target Term Trust has a one year low of $21.28 and a one year high of $27.96.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.0993 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.19 annualized dividend and a yield of 5.2%.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 2nd quarter valued at about $2,962,000. Apollon Wealth Management LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter worth $573,000. Van ECK Associates Corp lifted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 6.3% during the 2nd quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock valued at $931,000 after acquiring an additional 2,154 shares in the last quarter. BlackRock Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the 2nd quarter valued at $103,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake 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 purchasing an additional 630 shares in the last quarter.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.