BlackRock Taxable Municipal Bond Trust (BBN) To Go Ex-Dividend on December 22nd

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) declared a monthly dividend on Friday, December 12th. Stockholders of record on Monday, December 22nd will be paid a dividend of 0.0986 per share by the investment management company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Taxable Municipal Bond Trust Trading Down 0.5%

BBN traded down $0.09 during trading hours on Friday, hitting $16.76. The stock had a trading volume of 340,683 shares, compared to its average volume of 176,271. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.37 and a 1 year high of $17.45. The company’s fifty day simple moving average is $17.00 and its 200 day simple moving average is $16.47.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 4.0% in the 1st quarter. HighTower Advisors LLC now owns 151,938 shares of the investment management company’s stock worth $2,534,000 after buying an additional 5,904 shares during the period. Caitlin John LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.2% in the first quarter. Caitlin John LLC now owns 39,680 shares of the investment management company’s stock worth $662,000 after acquiring an additional 1,247 shares during the period. Apexium Financial LP grew its position in shares of BlackRock Taxable Municipal Bond Trust by 71.0% in the first quarter. Apexium Financial LP now owns 128,310 shares of the investment management company’s stock valued at $2,140,000 after purchasing an additional 53,295 shares in the last quarter. Royal Bank of Canada raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 13.1% during the 1st quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after purchasing an additional 64,953 shares during the period. Finally, 1607 Capital Partners LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.4% during the 1st quarter. 1607 Capital Partners LLC now owns 151,900 shares of the investment management company’s stock valued at $2,534,000 after purchasing an additional 7,800 shares during the period.

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.