Addison Capital Co Lowers Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Addison Capital Co lessened its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 30.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,066 shares of the investment management company’s stock after selling 26,027 shares during the period. Addison Capital Co’s holdings in BlackRock Taxable Municipal Bond Trust were worth $952,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. bought a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at $216,000. Natural Investments LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $689,000. Intellectus Partners LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 5.4% in the fourth quarter. Intellectus Partners LLC now owns 210,674 shares of the investment management company’s stock worth $3,396,000 after acquiring an additional 10,755 shares during the period. Raymond James Financial Inc. bought a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter worth about $16,022,000. Finally, M&T Bank Corp increased its position in BlackRock Taxable Municipal Bond Trust by 0.4% during the 4th quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after purchasing an additional 2,433 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Down 0.2 %

NYSE BBN opened at $16.53 on Monday. The firm’s 50 day moving average price is $16.50 and its 200-day moving average price is $16.84. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0929 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.74%.

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.