Comerica Bank Trims Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Comerica Bank cut its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,146 shares of the investment management company’s stock after selling 1,068 shares during the quarter. Comerica Bank’s holdings in BlackRock Taxable Municipal Bond Trust were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BBN. National Bank of Canada FI grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 12.9% during the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock worth $141,000 after purchasing an additional 1,000 shares during the period. Advisory Services Network LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $173,000. Generation Capital Management LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $187,000. Avantax Advisory Services Inc. acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $216,000. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $240,000.

BlackRock Taxable Municipal Bond Trust Price Performance

BlackRock Taxable Municipal Bond Trust stock opened at $15.79 on Friday. The company’s fifty day moving average price is $16.16 and its 200 day moving average price is $16.39. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.37 and a 1 year high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.0929 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.11 dividend on an annualized basis and a yield of 7.06%.

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.