Cooper Financial Group Sells 8,831 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Cooper Financial Group trimmed its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 45.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,750 shares of the investment management company’s stock after selling 8,831 shares during the period. Cooper Financial Group’s holdings in BlackRock Taxable Municipal Bond Trust were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BBN. Oder Investment Management LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 1.4% during the 4th quarter. Oder Investment Management LLC now owns 66,677 shares of the investment management company’s stock worth $1,084,000 after purchasing an additional 899 shares during the last quarter. High Net Worth Advisory Group LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 1.8% in the 4th quarter. High Net Worth Advisory Group LLC now owns 56,921 shares of the investment management company’s stock worth $926,000 after buying an additional 986 shares during the last quarter. Fortis Group Advisors LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,000 shares of the investment management company’s stock worth $33,000 after acquiring an additional 1,000 shares in the last quarter. D.A. Davidson & CO. lifted its position in BlackRock Taxable Municipal Bond Trust by 6.7% during the fourth quarter. D.A. Davidson & CO. now owns 19,369 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 4.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 42,630 shares of the investment management company’s stock worth $693,000 after purchasing an additional 1,669 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Down 0.2 %

NYSE BBN opened at $16.14 on Monday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $14.33 and a 12-month high of $17.13. The company has a fifty day simple moving average of $15.79 and a two-hundred day simple moving average of $16.21.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.093 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Friday, June 14th.

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.