BofA update shows where active managers are putting money
Blackrock (NYSE:BLK) Muni Target (NYSE:TGT) Term stock reached a notable milestone, hitting a 52-week high of 21.83 USD, with a market capitalization of $1.41 billion. InvestingPro data shows the fund maintains relatively low volatility with a beta of 0.45, offering stability-focused investors a steady 2.57% dividend yield. This achievement underscores the stock’s positive momentum, with a 6.59% return over the past six months. The closed-end fund, which focuses on generating income through municipal bonds, has benefited from favorable market conditions and investor confidence, maintaining dividend payments for 14 consecutive years. This latest high marks a significant point for investors, reflecting the fund’s robust performance and its ability to capitalize on the current economic landscape. InvestingPro subscribers can access additional insights, including 5 more exclusive ProTips and comprehensive financial health metrics.
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