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

Private Advisor Group LLC reduced its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 29.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,783 shares of the investment management company’s stock after selling 13,073 shares during the quarter. Private Advisor Group LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bluffs Wealth Management LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 22.6% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock worth $27,765,000 after buying an additional 318,049 shares during the period. Focused Wealth Management Inc lifted its holdings in BlackRock Taxable Municipal Bond Trust by 5.1% in the 4th quarter. Focused Wealth Management Inc now owns 608,359 shares of the investment management company’s stock worth $9,807,000 after buying an additional 29,709 shares during the period. HighTower Advisors LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 330.6% in the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after buying an additional 334,362 shares during the period. Intellectus Partners LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 12.1% in the 3rd quarter. Intellectus Partners LLC now owns 199,919 shares of the investment management company’s stock worth $3,563,000 after buying an additional 21,603 shares during the period. Finally, Fiera Capital Corp lifted its holdings in BlackRock Taxable Municipal Bond Trust by 7.2% in the 3rd quarter. Fiera Capital Corp now owns 129,569 shares of the investment management company’s stock worth $2,309,000 after buying an additional 8,695 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE:BBN opened at $16.98 on Tuesday. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42. The stock has a 50 day moving average price of $16.39 and a 200-day moving average price of $16.90.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Friday, February 14th.

BlackRock Taxable Municipal Bond Trust 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.