BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 66.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,034 shares of the investment management company’s stock after selling 289,478 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Bluffs Wealth Management LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 22.6% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock valued at $27,765,000 after buying an additional 318,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $16,022,000. M&T Bank Corp grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 0.4% during the fourth quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after purchasing an additional 2,433 shares during the last quarter. Focused Wealth Management Inc grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.1% during the fourth quarter. Focused Wealth Management Inc now owns 608,359 shares of the investment management company’s stock valued at $9,807,000 after purchasing an additional 29,709 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 324.4% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 218,463 shares of the investment management company’s stock valued at $3,522,000 after purchasing an additional 166,989 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.6 %

NYSE:BBN opened at $16.73 on Friday. The stock has a 50 day moving average of $16.55 and a 200-day moving average of $16.80. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Friday, March 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.