BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Sold by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA lessened its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,920 shares of the investment management company’s stock after selling 4,220 shares during the quarter. Orleans Capital Management Corp LA’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,002,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BBN. StoneX Group Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $3,153,000. National Bank of Canada FI lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 12.9% during the fourth quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock worth $141,000 after buying an additional 1,000 shares during the period. LPL Financial LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 20.5% during the fourth quarter. LPL Financial LLC now owns 684,672 shares of the investment management company’s stock valued at $11,037,000 after buying an additional 116,244 shares during the last quarter. Intellus Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at $322,000. Finally, Avantax Advisory Services Inc. purchased a new position in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth $216,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.4 %

BlackRock Taxable Municipal Bond Trust stock opened at $16.74 on Friday. The business’s 50-day simple moving average is $16.62 and its two-hundred day simple moving average is $16.72. 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 company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.0929 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.11 dividend on an annualized basis and a yield of 6.66%.

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.