Apexium Financial LP Sells 52,867 Shares of BlackRock Taxable Municipal Bond Trust $BBN

Apexium Financial LP lowered its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 41.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,443 shares of the investment management company’s stock after selling 52,867 shares during the quarter. Apexium Financial LP’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,215,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BBN. Caitlin John LLC boosted its stake in 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 valued at $662,000 after acquiring an additional 1,247 shares during the last quarter. Riverbridge Partners LLC lifted its position in BlackRock Taxable Municipal Bond Trust by 2.6% in the 2nd quarter. Riverbridge Partners LLC now owns 50,194 shares of the investment management company’s stock valued at $809,000 after acquiring an additional 1,252 shares in the last quarter. Cetera Investment Advisers lifted its position in BlackRock Taxable Municipal Bond Trust by 6.0% in the 1st quarter. Cetera Investment Advisers now owns 29,077 shares of the investment management company’s stock valued at $485,000 after acquiring an additional 1,642 shares in the last quarter. Noble Wealth Management PBC lifted its position in BlackRock Taxable Municipal Bond Trust by 4.1% during the 1st quarter. Noble Wealth Management PBC now owns 50,492 shares of the investment management company’s stock worth $842,000 after buying an additional 2,000 shares in the last quarter. Finally, Natural Investments LLC lifted its position in BlackRock Taxable Municipal Bond Trust by 7.1% during the 1st quarter. Natural Investments LLC now owns 45,812 shares of the investment management company’s stock worth $764,000 after buying an additional 3,042 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE:BBN opened at $16.58 on Friday. The company’s 50-day moving average price is $16.37 and its two-hundred day moving average price is $16.10. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $17.47.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.0986 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Wednesday, October 15th.

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.