Wells Fargo & Company MN Has $9.87 Million Stock Position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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Wells Fargo & Company MN increased its stake in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 415,938 shares of the investment management company’s stock after acquiring an additional 9,122 shares during the quarter. Wells Fargo & Company MN’s holdings in Blackrock Taxable Municipal Bond Trust were worth $9,866,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Blackrock Taxable Municipal Bond Trust by 9.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,301 shares of the investment management company’s stock worth $141,000 after buying an additional 539 shares in the last quarter. Pacific Wealth Strategies Group Inc. bought a new position in Blackrock Taxable Municipal Bond Trust in the 2nd quarter valued at $202,000. Hollencrest Capital Management bought a new position in Blackrock Taxable Municipal Bond Trust in the 1st quarter valued at $206,000. Doliver Advisors LP bought a new position in Blackrock Taxable Municipal Bond Trust in the 2nd quarter valued at $294,000. Finally, Janney Montgomery Scott LLC grew its stake in Blackrock Taxable Municipal Bond Trust by 19.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,490 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,164 shares during the period.

NYSE:BBN traded down $0.03 during trading on Thursday, reaching $24.50. The company’s stock had a trading volume of 7,268 shares, compared to its average volume of 154,775. The firm has a 50 day moving average of $24.70 and a 200-day moving average of $23.41. Blackrock Taxable Municipal Bond Trust has a 12 month low of $19.59 and a 12 month high of $25.65.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.34 dividend on an annualized basis and a yield of 5.49%.

About Blackrock Taxable Municipal Bond Trust

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.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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