Insider Buying: Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Portfolio Manager Buys $29,987.50 in Stock

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Portfolio Manager Christian Romaglino acquired 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $29,987.50. Following the purchase, the portfolio manager now directly owns 4,551 shares of the company’s stock, valued at $109,178.49. This represents a 37.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.5 %

BMN stock opened at $23.77 on Friday. The firm has a 50 day moving average price of $25.14 and a 200-day moving average price of $25.25. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $23.04 and a 52-week high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Tuesday, April 15th.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in shares of Blackrock 2037 Municipal Target Term Trust by 0.7% in the 4th quarter. Bank of America Corp DE now owns 132,694 shares of the company’s stock worth $3,396,000 after purchasing an additional 987 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at about $34,000. Truist Financial Corp raised its holdings in Blackrock 2037 Municipal Target Term Trust by 10.1% in the fourth quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock worth $548,000 after buying an additional 1,958 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% in the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after buying an additional 4,168 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at approximately $818,000.

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.