BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Holdings Decreased by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 66.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,034 shares of the investment management company’s stock after selling 289,478 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 446.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 26,506 shares of the investment management company’s stock valued at $427,000 after purchasing an additional 21,654 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the third quarter valued at about $239,000. Allspring Global Investments Holdings LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 11.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 37,641 shares of the investment management company’s stock valued at $607,000 after purchasing an additional 3,941 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 7.3% during the fourth quarter. Park Avenue Securities LLC now owns 120,896 shares of the investment management company’s stock valued at $1,949,000 after purchasing an additional 8,269 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the third quarter worth about $942,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.6 %

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $16.73 on Friday. The company’s 50-day moving average price is $16.55 and its two-hundred day moving average price is $16.80. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0929 dividend. This represents a $1.11 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Friday, March 14th.

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.