Private Advisor Group LLC Cuts Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Private Advisor Group LLC trimmed its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 29.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,783 shares of the investment management company’s stock after selling 13,073 shares during the period. Private Advisor Group LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $496,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 246.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after buying an additional 1,480 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 49,698 shares of the investment management company’s stock worth $801,000 after buying an additional 2,140 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock worth $1,086,000 after buying an additional 2,513 shares during the last quarter. Integrated Capital Management Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 13.2% in the 4th quarter. Integrated Capital Management Inc. now owns 25,572 shares of the investment management company’s stock worth $412,000 after buying an additional 2,975 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 22.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,737 shares of the investment management company’s stock worth $298,000 after buying an additional 3,102 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.3 %

NYSE BBN opened at $16.98 on Tuesday. The business’s fifty day moving average is $16.39 and its 200 day moving average is $16.90. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.39 and a fifty-two week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.0929 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.11 dividend on an annualized basis and a yield of 6.57%.

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.