Key Points
- Bank of America acquired 3,070 BMN shares at an average price of $22.98, totaling $70,548.60. The transaction was disclosed in an SEC filing as required for shareholders owning more than 10%.
- BMN shares opened at $22.98, versus 50-day and 200-day moving averages of $23.59 and $25.41, respectively; the stock has traded between $21.28 and $27.96 over the past year.
- The fund declared a monthly dividend of $0.0993 per share, equivalent to $1.19 annually and a 5.2% yield. BMN invests primarily in municipal bonds and seeks to provide federally tax-exempt current income.
Blackrock 2037 Municipal Target Term Trust (NYSE:BMN - Get Free Report) major shareholder Of America Corp /De/ Bank acquired 3,070 shares of the company's stock in a transaction dated Tuesday, October 27th. The stock was acquired at an average cost of $22.98 per share, for a total transaction of $70,548.60. Following the completion of the purchase, the insider directly owned 3,070 shares in the company, valued at $70,548.60. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Blackrock 2037 Municipal Target Term Trust Stock Performance
Shares of Blackrock 2037 Municipal Target Term Trust stock opened at $22.98 on Friday. The stock's 50-day moving average is $23.59 and its 200 day moving average is $25.41. 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 Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.0993 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, December 11th.
Institutional Trading of Blackrock 2037 Municipal Target Term Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of BMN. Hennion & Walsh Asset Management Inc. increased its position 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 acquiring an additional 630 shares in the last quarter. Bank of America Corp DE lifted its stake in Blackrock 2037 Municipal Target Term Trust by 6.1% during the 1st quarter. Bank of America Corp DE now owns 122,544 shares of the company's stock valued at $3,179,000 after acquiring an additional 7,029 shares in the last quarter. Van ECK Associates Corp lifted its stake in 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. Apollon Wealth Management LLC bought a new position in Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at $573,000. Finally, DUTCH ASSET Corp boosted its holdings 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 worth $300,000 after acquiring an additional 2,689 shares during the last quarter.
Blackrock 2037 Municipal Target Term Trust Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
