BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Pass Below 200-Day Moving Average – Time to Sell?

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.63 and traded as low as $15.80. BlackRock Taxable Municipal Bond Trust shares last traded at $15.8260, with a volume of 447,843 shares.

BlackRock Taxable Municipal Bond Trust Stock Performance

The business’s 50-day simple moving average is $16.37 and its two-hundred day simple moving average is $16.63.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0986 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $36,000. Allworth Financial LP lifted its position in 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 acquiring an additional 4,000 shares in the last quarter. Farther Finance Advisors LLC lifted its position in BlackRock Taxable Municipal Bond Trust by 99.2% during the 4th quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock worth $102,000 after acquiring an additional 3,126 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth approximately $148,000. Finally, Commons Capital LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $165,000.

About BlackRock Taxable Municipal Bond Trust

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.