Westside Investment Management Inc. Takes $34,000 Position in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN)

Westside Investment Management Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,334 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BMN. Truist Financial Corp purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter worth about $210,000. HighTower Advisors LLC boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% during the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after acquiring an additional 4,168 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Blackrock 2037 Municipal Target Term Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock valued at $880,000 after acquiring an additional 3,858 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of Blackrock 2037 Municipal Target Term Trust stock opened at $25.39 on Thursday. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.55 and a twelve month high of $26.14. The business has a 50-day moving average price of $25.43 and a 200-day moving average price of $25.15.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0938 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.43%.

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.