Raytheon awarded $71 million in Navy contracts for missile systems
Blackrock (NYSE:BLK) Muni Target (NYSE:TGT) Term Trust (BTT) stock has reached a new 52-week low, dipping to $20.25 from its 52-week high of $21.83. With a market capitalization of $1.33 billion and a dividend yield of 2.72%, investors navigate through a landscape of fluctuating market conditions. This latest price level reflects modest performance, with BTT posting a 0.03% year-to-date return. According to InvestingPro analysis, the RSI suggests the stock is in oversold territory, while the fund has maintained dividend payments for 14 consecutive years. The movement towards this low point underscores the challenges faced by fixed-income securities in the current economic environment, as investors recalibrate their portfolios in response to broader market trends and interest rate expectations. For more detailed analysis and additional insights, subscribers can access 5 more exclusive ProTips on InvestingPro.
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