Ashton Thomas Securities LLC Lowers Holdings in BlackRock Taxable Municipal Bond Trust $BBN

Ashton Thomas Securities LLC lessened its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 33.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,100 shares of the investment management company’s stock after selling 6,000 shares during the period. Ashton Thomas Securities LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $195,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BBN. Janney Montgomery Scott LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 10.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,212 shares of the investment management company’s stock valued at $687,000 after buying an additional 3,981 shares during the last quarter. Cetera Investment Advisers increased its position in BlackRock Taxable Municipal Bond Trust by 6.0% during the first quarter. Cetera Investment Advisers now owns 29,077 shares of the investment management company’s stock valued at $485,000 after acquiring an additional 1,642 shares during the last quarter. Avantax Advisory Services Inc. increased its position in BlackRock Taxable Municipal Bond Trust by 30.2% during the first quarter. Avantax Advisory Services Inc. now owns 17,480 shares of the investment management company’s stock valued at $292,000 after acquiring an additional 4,050 shares during the last quarter. LPL Financial LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 9.2% in the first quarter. LPL Financial LLC now owns 747,872 shares of the investment management company’s stock valued at $12,474,000 after acquiring an additional 63,200 shares during the period. Finally, HighTower Advisors LLC boosted its position in BlackRock Taxable Municipal Bond Trust by 4.0% in the first quarter. HighTower Advisors LLC now owns 151,938 shares of the investment management company’s stock worth $2,534,000 after purchasing an additional 5,904 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN opened at $16.58 on Friday. The company’s 50 day moving average is $16.37 and its 200 day moving average is $16.10. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $17.47.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Wednesday, October 15th.

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.