Wealth Enhancement Advisory Services LLC Has $220,000 Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Wealth Enhancement Advisory Services LLC cut its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 20.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,162 shares of the investment management company’s stock after selling 3,470 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $220,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 446.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,506 shares of the investment management company’s stock worth $427,000 after purchasing an additional 21,654 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $216,000. Ameriprise Financial Inc. lifted its position in BlackRock Taxable Municipal Bond Trust by 75.1% in the 4th quarter. Ameriprise Financial Inc. now owns 452,197 shares of the investment management company’s stock worth $7,298,000 after buying an additional 193,994 shares in the last quarter. Stifel Financial Corp lifted its position in BlackRock Taxable Municipal Bond Trust by 16.2% in the 4th quarter. Stifel Financial Corp now owns 64,897 shares of the investment management company’s stock worth $1,046,000 after buying an additional 9,069 shares in the last quarter. Finally, LPL Financial LLC lifted its position in BlackRock Taxable Municipal Bond Trust by 20.5% in the 4th quarter. LPL Financial LLC now owns 684,672 shares of the investment management company’s stock worth $11,037,000 after buying an additional 116,244 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.7%

BBN stock opened at $16.02 on Thursday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $18.42. The company has a 50 day moving average of $15.85 and a two-hundred day moving average of $16.17.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.0929 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.11 annualized dividend and a dividend yield of 6.96%.

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.