BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Pass Above 50-Day Moving Average – Time to Sell?

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.02 and traded as high as $16.02. BlackRock Taxable Municipal Bond Trust shares last traded at $15.9450, with a volume of 122,183 shares.

BlackRock Taxable Municipal Bond Trust Stock Performance

The company’s 50-day moving average price is $16.01 and its 200 day moving average price is $16.26.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0986 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Several large investors have recently made changes to their positions in the business. Oppenheimer & Co. Inc. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 21,891 shares of the investment management company’s stock worth $357,000 after acquiring an additional 674 shares in the last quarter. Addison Capital Co grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.0% in the first quarter. Addison Capital Co now owns 35,836 shares of the investment management company’s stock valued at $579,000 after purchasing an additional 693 shares in the last quarter. Delta Financial Advisors LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.6% in the fourth quarter. Delta Financial Advisors LLC now owns 16,980 shares of the investment management company’s stock valued at $277,000 after purchasing an additional 750 shares in the last quarter. Oder Investment Management LLC increased its position in BlackRock Taxable Municipal Bond Trust by 3.2% in the first quarter. Oder Investment Management LLC now owns 35,152 shares of the investment management company’s stock worth $568,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Comprehensive Money Management Services LLC increased its position in BlackRock Taxable Municipal Bond Trust by 6.3% in the first quarter. Comprehensive Money Management Services LLC now owns 21,095 shares of the investment management company’s stock worth $341,000 after purchasing an additional 1,250 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.