BlackRock Taxable Municipal Bond Trust $BBN Position Cut by Intellectus Partners LLC

Intellectus Partners LLC lowered its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,243 shares of the investment management company’s stock after selling 23,425 shares during the period. Intellectus Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BBN. Cetera Investment Advisers grew its position in BlackRock Taxable Municipal Bond Trust by 6.0% in the 1st quarter. Cetera Investment Advisers now owns 29,077 shares of the investment management company’s stock valued at $485,000 after buying an additional 1,642 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of BlackRock Taxable Municipal Bond Trust by 30.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,480 shares of the investment management company’s stock worth $292,000 after buying an additional 4,050 shares in the last quarter. LPL Financial LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 9.2% in the 1st quarter. LPL Financial LLC now owns 747,872 shares of the investment management company’s stock worth $12,474,000 after acquiring an additional 63,200 shares during the period. HighTower Advisors LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.0% in the 1st quarter. HighTower Advisors LLC now owns 151,938 shares of the investment management company’s stock worth $2,534,000 after acquiring an additional 5,904 shares during the period. Finally, Caitlin John LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.2% in the first quarter. Caitlin John LLC now owns 39,680 shares of the investment management company’s stock valued at $662,000 after acquiring an additional 1,247 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.1%

NYSE BBN opened at $16.92 on Monday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.37 and a 12 month high of $17.23. The company’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $16.16.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a dividend of $0.0986 per share. The ex-dividend date was Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.