Harris Stayce D., a director at BlackRock (NYSE:BLK) Municipal 2030 Target (NYSE:TGT) Term Trust (NYSE:BTT), recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. On October 29, Harris purchased 10 shares of common stock at a price of $21.135 per share, totaling approximately $211. Following this transaction, Harris owns 10 shares directly in the trust.
This acquisition highlights Harris's ongoing involvement and investment in the trust, which focuses on municipal bonds with a target term ending in 2030.
InvestingPro Insights
The recent share acquisition by director Harris Stayce D. aligns with several positive indicators for BlackRock Municipal 2030 Target Term Trust (NYSE:BTT). According to InvestingPro data, BTT has a market capitalization of $1.39 billion and is currently trading near its 52-week high, with the price at 96.75% of its peak. This suggests investor confidence in the trust's performance and strategy.
InvestingPro Tips reveal that BTT has maintained dividend payments for 13 consecutive years, a factor that may have influenced Harris's decision to increase his stake. The trust's current dividend yield stands at 2.64%, providing a steady income stream for investors. Additionally, BTT has been profitable over the last twelve months, with a P/E ratio of 29.69, indicating that investors are willing to pay a premium for the trust's earnings.
It's worth noting that BTT generally trades with low price volatility, which could be attractive for investors seeking stability in their municipal bond investments. For those interested in a deeper analysis, InvestingPro offers 6 additional tips that could provide further insights into BTT's investment potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.