Bank of America Corp DE Sells 34,563 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Bank of America Corp DE lowered its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 633,269 shares of the investment management company’s stock after selling 34,563 shares during the period. Bank of America Corp DE’s holdings in BlackRock Taxable Municipal Bond Trust were worth $10,208,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth $274,000. Janney Montgomery Scott LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 9.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 37,231 shares of the investment management company’s stock worth $600,000 after acquiring an additional 3,199 shares during the last quarter. Riverbridge Partners LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 26.5% in the 4th quarter. Riverbridge Partners LLC now owns 43,243 shares of the investment management company’s stock worth $697,000 after acquiring an additional 9,052 shares during the last quarter. Apexium Financial LP bought a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth $1,209,000. Finally, Ibex Wealth Advisors bought a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth $474,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $15.53 on Friday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $18.42. The company’s fifty day simple moving average is $16.06 and its two-hundred day simple moving average is $16.35.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock Taxable Municipal Bond Trust Company 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.