BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Cross Below 200 Day Moving Average – What’s Next?

BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.94 and traded as low as $16.00. BlackRock Taxable Municipal Bond Trust shares last traded at $16.06, with a volume of 240,209 shares traded.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4 %

The business has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $16.94.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.0929 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.11 annualized dividend and a dividend yield of 6.94%.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairscale Capital LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $31,000. Larson Financial Group LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after acquiring an additional 1,480 shares during the last quarter. Eastern Bank acquired a new stake in BlackRock Taxable Municipal Bond Trust during the third quarter worth about $53,000. Miracle Mile Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth about $178,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $239,000.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Free Report)

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.

Further Reading

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