Envestnet Asset Management Inc. Has $2.09 Million Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Envestnet Asset Management Inc. lessened its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,492 shares of the investment management company’s stock after selling 26,570 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,087,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BBN. National Bank of Canada FI raised its position in BlackRock Taxable Municipal Bond Trust by 12.9% in the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,000 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at approximately $216,000. Sanctuary Advisors LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at approximately $239,000. Mezzasalma Advisors LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at approximately $240,000. Finally, Patten Group Inc. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $247,000.

BlackRock Taxable Municipal Bond Trust Stock Up 0.6 %

NYSE:BBN opened at $16.11 on Monday. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.37 and a twelve month high of $18.42. The stock’s 50 day moving average price is $16.36 and its two-hundred day moving average price is $16.47.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.92%. The ex-dividend date is Tuesday, April 15th.

About BlackRock Taxable Municipal Bond Trust

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.