BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Pass Below 200-Day Moving Average – Should You Sell?

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.65 and traded as low as $16.19. BlackRock Taxable Municipal Bond Trust shares last traded at $16.2550, with a volume of 175,437 shares.

BlackRock Taxable Municipal Bond Trust Stock Up 0.3%

The business has a 50 day moving average price of $16.41 and a two-hundred day moving average price of $16.65.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0986 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.3%.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 18.1% in the fourth quarter. Corient Private Wealth LLC now owns 54,625 shares of the investment management company’s stock worth $891,000 after buying an additional 8,364 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at $36,000. Millennium Management LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at $212,000. Balyasny Asset Management L.P. purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at $583,000. Finally, Cetera Investment Advisers grew its holdings in BlackRock Taxable Municipal Bond Trust by 16.7% in the 4th quarter. Cetera Investment Advisers now owns 43,796 shares of the investment management company’s stock worth $715,000 after acquiring an additional 6,252 shares during the last quarter.

About BlackRock Taxable Municipal Bond Trust

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.