BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lessened its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 41.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,785 shares of the investment management company’s stock after selling 9,112 shares during the period. Atlantic Union Bankshares Corp’s holdings in BlackRock Taxable Municipal Bond Trust were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $16,022,000. HighTower Advisors LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 330.6% in the third quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock valued at $7,757,000 after buying an additional 334,362 shares during the last quarter. Eagle Bluffs Wealth Management LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 22.6% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock valued at $27,765,000 after buying an additional 318,049 shares during the last quarter. NINE MASTS CAPITAL Ltd raised its holdings in BlackRock Taxable Municipal Bond Trust by 324.4% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 218,463 shares of the investment management company’s stock worth $3,522,000 after purchasing an additional 166,989 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in BlackRock Taxable Municipal Bond Trust during the third quarter worth about $2,280,000.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE BBN opened at $16.60 on Friday. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42. The firm has a 50-day moving average price of $16.45 and a 200 day moving average price of $16.88.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0929 per share. The ex-dividend date is Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%.

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.