Fiera Capital Corp Has $1.52 Million Position in BlackRock Taxable Municipal Bond Trust $BBN

Fiera Capital Corp cut its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 28.2% in the third quarter, Holdings Channel reports. The fund owned 91,329 shares of the investment management company’s stock after selling 35,864 shares during the period. Fiera Capital Corp’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BBN. Allworth Financial LP increased its position in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% during the 2nd quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock worth $69,000 after purchasing an additional 4,000 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at about $148,000. Steward Partners Investment Advisory LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 316.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock worth $164,000 after buying an additional 7,733 shares during the last quarter. WealthTrust Axiom LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the second quarter worth approximately $165,000. Finally, Seelaus Asset Management LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth approximately $187,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN opened at $16.58 on Friday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $17.45. The business’s 50 day simple moving average is $16.45 and its 200-day simple moving average is $16.62.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, March 13th.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.