Allspring Global Investments Holdings LLC Cuts Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Allspring Global Investments Holdings LLC reduced its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,035 shares of the investment management company’s stock after selling 1,145 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in BlackRock Taxable Municipal Bond Trust by 38.8% during the 3rd quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock valued at $10,540,000 after buying an additional 194,389 shares in the last quarter. Raymond James & Associates grew its holdings in BlackRock Taxable Municipal Bond Trust by 37.6% during the 4th quarter. Raymond James & Associates now owns 294,999 shares of the investment management company’s stock valued at $4,797,000 after buying an additional 80,660 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in BlackRock Taxable Municipal Bond Trust by 27.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 60,312 shares of the investment management company’s stock valued at $914,000 after buying an additional 13,152 shares in the last quarter. LPL Financial LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 2.5% during the 3rd quarter. LPL Financial LLC now owns 527,857 shares of the investment management company’s stock valued at $8,002,000 after buying an additional 12,812 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in BlackRock Taxable Municipal Bond Trust by 9.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 608,147 shares of the investment management company’s stock valued at $9,220,000 after buying an additional 50,622 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.2 %

NYSE BBN opened at $15.50 on Friday. BlackRock Taxable Municipal Bond Trust has a one year low of $14.33 and a one year high of $18.10. The stock has a 50 day moving average price of $16.19 and a 200-day moving average price of $16.04.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.093 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.20%.

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.