Townsquare Capital LLC Has $188,000 Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Townsquare Capital LLC cut its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 12.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,560 shares of the investment management company’s stock after selling 1,473 shares during the period. Townsquare Capital LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Fairscale Capital LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter valued at about $31,000. Larson Financial Group LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after purchasing an additional 1,480 shares during the period. Eastern Bank acquired a new stake in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $53,000. Miracle Mile Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at $178,000. Finally, Concurrent Investment Advisors LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter valued at $230,000.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN opened at $17.17 on Friday. The stock has a fifty day moving average of $16.85 and a 200-day moving average of $16.89. 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 disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a yield of 6.49%. The ex-dividend date was Friday, November 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.