Meridian Investment Counsel Inc. Cuts Stock Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Meridian Investment Counsel Inc. lowered its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBNFree Report) by 30.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,000 shares of the investment management company’s stock after selling 8,167 shares during the period. Meridian Investment Counsel Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $317,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Oder Investment Management LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 1.2% in the 4th quarter. Oder Investment Management LLC now owns 54,226 shares of the investment management company’s stock valued at $874,000 after acquiring an additional 659 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 12.9% in the fourth quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,000 shares during the period. Noble Wealth Management PBC boosted its stake in BlackRock Taxable Municipal Bond Trust by 4.1% during the first quarter. Noble Wealth Management PBC now owns 50,492 shares of the investment management company’s stock worth $842,000 after buying an additional 2,000 shares during the period. Primoris Wealth Advisors LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 3.0% during the fourth quarter. Primoris Wealth Advisors LLC now owns 101,750 shares of the investment management company’s stock worth $1,640,000 after buying an additional 3,000 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 10.7% during the first quarter. Janney Montgomery Scott LLC now owns 41,212 shares of the investment management company’s stock worth $687,000 after buying an additional 3,981 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Down 0.1%

Shares of BBN stock opened at $16.07 on Friday. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.37 and a 1-year high of $18.42. The company has a 50-day moving average of $15.87 and a two-hundred day moving average of $16.17.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.0929 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.11 dividend on an annualized basis and a yield of 6.94%.

BlackRock Taxable Municipal Bond Trust Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Taxable Municipal Bond Trust (NYSE:BBNFree Report).

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

Receive News & Ratings for BlackRock Taxable Municipal Bond Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Taxable Municipal Bond Trust and related companies with MarketBeat.com's FREE daily email newsletter.