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BMN BlackRock 2037 Municipal Target Term Trust Insider Trading

5 filings analyzed · Latest 2025-11-18
Insider buys
5
Insider sells
0
Unique insiders
4
Direction
Net buying
November 2025
2025-11-18
low
1,164 shares
$28,821
@ $24.76
Significance 2/10

Bank of America Corp (10% owner) bought 1,164 shares of BMN at $24.76 on 2025-11-14 for $28,820.64

Bank of America, a 10% shareholder of BlackRock 2037 Municipal Target Term Trust, initiated a purchase of 1,164 shares at $24.76, establishing a new position in BMN with no prior holdings. The purchase occurred at a price -4.5% from the 52-week high of $25.87 and near the middle of the 52-week range ($23.59–$25.87). This represents a modest initial accumulation in a municipal bond closed-end fund. The insider's cross-ticker track record shows 11 prior buys with an average 90-day return of +6.6% (100% win rate), though this metric reflects performance across multiple securities, not BMN-specific history. The current price of $24.71 is slightly below the transaction price of $24.76.

April 2025
2025-04-10
low
1,250 shares
$29,988
@ $23.99
Significance 4/10

Romaglino Christian buys 1,250 shares of BMN at $23.99 (April 9), raising stake 37.9% to 4,551 shares; stock down 8.6% from 52-week high

Christian purchased 1,250 shares at $23.99, increasing his holdings by 37.9% from the prior level of 3,301 shares. This follows a recent buy on 2025-03-13 at the same ticker. The current price of $23.65 sits 8.6% below the 52-week high of $25.87, having declined 6.5% over the past 30 days and 7.2% over 90 days. Reviewing his same-ticker history at BMN: his two prior measurable buys (2024-01-31 and 2024-01-26) posted 90-day returns of -0.5% and -0.2%, respectively, with a timing pattern of 0 of 2 prior buys well-timed at the 90-day mark. His cross-ticker track record across all open-market purchases shows an average 90-day return of -0.3% with a 0.00% win rate. The transaction represents a continued accumulation pattern at a single security during a period of price softness.

March 2025
2025-03-14
low
1,000 shares
$25,180
@ $25.18
Significance 2/10

Romaglino Christian bought 1,000 shares of BMN at $25.18 on 2025-03-13, raising holdings to 3,288 shares (+43.7%)

Romaglino Christian purchased 1,000 shares of BlackRock 2037 Municipal Target Term Trust at $25.18 on 2025-03-13, increasing his position by 43.7% to 3,288 shares total. His two prior purchases at this ticker (on 2024-01-31 and 2024-01-26) produced negative 90-day returns of -0.5% and -0.2% respectively, with neither purchase proving well-timed over the subsequent quarter. The current price of $25.05 stands -3.2% from the 52-week high and has declined 1.4% over the past 90 days, suggesting the stock has not rebounded since his previous acquisitions.

October 2024
2024-10-29
low
40 shares
$988
@ $24.70
Significance 2/10

Director Harris Stayce D. opens position in BMN, purchasing 40 shares at $24.70 on 2024-10-28

Harris Stayce D., a director, purchased 40 shares of BlackRock 2037 Municipal Target Term Trust at $24.70, establishing a new position (prior holding: 0 shares). The purchase occurred near the upper end of the 52-week range ($21.65–$25.57), with the current price at $24.72 and a 30-day decline of -1.9%. This initial transaction represents a modest dollar commitment ($988.00) and reflects the insider's first open-market acquisition of this security, though he has completed 20 prior buys across other tickers in his broader trading history. The transaction provides no material signal of conviction or sector view without supporting context on timing drivers or related executive activity.

2024-10-01
low
Vice President
500 shares
$12,500
@ $25.00
Significance 3/10

VP Diorio buys 500 shares of BlackRock 2037 Municipal Target Term Trust (BMN) at $25.00 on 2023-01-26

Jonathan Diorio, Vice President, purchased 500 shares of BMN at $25.00 on 2023-01-26, establishing an initial position in the closed-end fund. The current price of $25.21 is -1.4% from the 52-week high of $25.57, near the upper end of the 52-week range of $21.65–$25.57, suggesting the purchase was made near recent valuation peaks. The transaction represents a discrete first purchase by the insider with no prior shareholdings, though the limited transaction size ($12.5K) provides minimal direct signal about executive conviction.

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