BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $14.90 and traded as high as $14.97. BlackRock Taxable Municipal Bond Trust shares last traded at $14.91, with a volume of 303,599 shares traded.
BlackRock Taxable Municipal Bond Trust Stock Up 0.4%
The stock’s 50 day moving average is $14.90 and its 200 day moving average is $15.79.
BlackRock Taxable Municipal Bond Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0986 per share. The ex-dividend date is Friday, December 11th. This represents a $1.18 dividend on an annualized basis and a yield of 7.9%.
Institutional Trading of BlackRock Taxable Municipal Bond Trust
Several large investors have recently modified their holdings of BBN. Rivernorth Capital Management LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the 1st quarter worth approximately $3,778,000. Petra Financial Advisors Inc. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 1st quarter worth approximately $1,154,000. Fifth Third Bancorp raised its position in shares of BlackRock Taxable Municipal Bond Trust by 1,019.8% during the 1st quarter. Fifth Third Bancorp now owns 11,198 shares of the investment management company’s stock worth $181,000 after purchasing an additional 10,198 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of BlackRock Taxable Municipal Bond Trust by 33.9% during the 1st quarter. Kestra Advisory Services LLC now owns 19,209 shares of the investment management company’s stock worth $311,000 after purchasing an additional 4,864 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in BlackRock Taxable Municipal Bond Trust in the 1st quarter valued at approximately $39,000.
About BlackRock Taxable Municipal Bond Trust
BlackRock Taxable Municipal Bond Trust (NYSE: BBN) is a closed-end investment fund managed by BlackRock Advisors, LLC. The trust seeks to provide current income by investing primarily in taxable municipal bonds and other municipal obligations issued by states, cities, counties, and related governmental entities in the United States.
The fund’s portfolio may include Build America Bonds and other taxable municipal securities that finance public infrastructure and services, such as transportation, education, utilities, and healthcare facilities.
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