Wells Fargo & Company MN reduced its position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 20.2% during the third quarter, Holdings Channel reports. The fund owned 488,474 shares of the investment management company’s stock after selling 123,284 shares during the period. Wells Fargo & Company MN’s holdings in Blackrock Taxable Municipal Bond Trust were worth $11,709,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BBN. Bank of Montreal Can bought a new stake in shares of Blackrock Taxable Municipal Bond Trust during the second quarter worth approximately $120,000. Brick & Kyle Associates boosted its stake in shares of Blackrock Taxable Municipal Bond Trust by 55.6% in the second quarter. Brick & Kyle Associates now owns 7,000 shares of the investment management company’s stock worth $171,000 after buying an additional 2,500 shares during the last quarter. US Bancorp DE boosted its stake in shares of Blackrock Taxable Municipal Bond Trust by 60.0% in the second quarter. US Bancorp DE now owns 8,000 shares of the investment management company’s stock worth $195,000 after buying an additional 3,000 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Blackrock Taxable Municipal Bond Trust during the second quarter worth approximately $207,000. Finally, National Planning Corp bought a new stake in shares of Blackrock Taxable Municipal Bond Trust during the second quarter worth approximately $225,000.

Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

Blackrock Taxable Municipal Bond Trust (NYSE:BBN) traded down 1.4259% during mid-day trading on Wednesday, hitting $21.9426. The company had a trading volume of 163,630 shares. Blackrock Taxable Municipal Bond Trust has a 12 month low of $19.50 and a 12 month high of $25.58. The company has a 50-day moving average price of $22.35 and a 200 day moving average price of $23.63.

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About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (BBN), formerly BlackRock Build America Bond Trust, is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust invests primarily in a portfolio of taxable municipal securities known as Build America Bonds (BABs) that are issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings, among others.

5 Day Chart for NYSE:BBN

Want to see what other hedge funds are holding BBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Taxable Municipal Bond Trust (NYSE:BBN).

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