Private Advisor Group LLC Lowers Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Private Advisor Group LLC decreased its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 44,198 shares of the investment management company’s stock after selling 2,176 shares during the period. Private Advisor Group LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $723,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 678.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 30,369 shares of the investment management company’s stock worth $497,000 after purchasing an additional 26,469 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth $230,000. Focused Wealth Management Inc grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.6% in the second quarter. Focused Wealth Management Inc now owns 565,574 shares of the investment management company’s stock worth $9,247,000 after acquiring an additional 30,164 shares during the last quarter. Bryn Mawr Capital Management LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 168.7% during the second quarter. Bryn Mawr Capital Management LLC now owns 15,625 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 9,809 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of BlackRock Taxable Municipal Bond Trust by 4.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,753 shares of the investment management company’s stock worth $1,190,000 after purchasing an additional 2,792 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Down 0.4 %

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $18.20 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $14.33 and a 1 year high of $18.42. The firm’s 50-day moving average is $17.29 and its 200 day moving average is $16.47.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Taxable Municipal Bond Trust Company Profile

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.