Blackrock Taxable Municipal Bond Trust (NYSE:BBN)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $23.66 and traded as high as $24.08. Blackrock Taxable Municipal Bond Trust shares last traded at $24.07, with a volume of 3,483 shares.
The stock’s fifty day simple moving average is $23.66 and its 200-day simple moving average is $23.99.
The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.112 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.34 dividend on an annualized basis and a yield of 5.59%.
A number of institutional investors have recently added to or reduced their stakes in BBN. Usca Ria LLC raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 9.6% in the 3rd quarter. Usca Ria LLC now owns 11,410 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 1,000 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust in the 2nd quarter valued at $228,000. Prime Capital Investment Advisors LLC raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 1.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 96,885 shares of the investment management company’s stock valued at $2,395,000 after purchasing an additional 1,150 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 2.2% in the 2nd quarter. Wells Fargo & Company MN now owns 415,938 shares of the investment management company’s stock valued at $9,866,000 after purchasing an additional 9,122 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 15.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,988 shares of the investment management company’s stock valued at $296,000 after purchasing an additional 1,591 shares in the last quarter.
Blackrock Taxable Municipal Bond Trust Company Profile (NYSE:BBN)
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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