Blackrock Taxable Municipal Bond Trust (NYSE:BBN) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC lessened its position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 49,108 shares of the investment management company’s stock after selling 2,257 shares during the quarter. Oxbow Advisors LLC’s holdings in Blackrock Taxable Municipal Bond Trust were worth $1,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BBN. San Francisco Sentry Investment Group CA increased its holdings in shares of Blackrock Taxable Municipal Bond Trust by 117.5% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 13,700 shares of the investment management company’s stock worth $339,000 after acquiring an additional 7,400 shares during the period. S. R. Schill & Associates increased its holdings in shares of Blackrock Taxable Municipal Bond Trust by 51.4% in the 3rd quarter. S. R. Schill & Associates now owns 22,703 shares of the investment management company’s stock worth $561,000 after acquiring an additional 7,703 shares during the period. FNY Investment Advisers LLC increased its holdings in shares of Blackrock Taxable Municipal Bond Trust by 47.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 4,400 shares of the investment management company’s stock worth $108,000 after acquiring an additional 1,417 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Blackrock Taxable Municipal Bond Trust by 15.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,988 shares of the investment management company’s stock worth $296,000 after acquiring an additional 1,591 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Blackrock Taxable Municipal Bond Trust by 8.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 98,552 shares of the investment management company’s stock worth $2,436,000 after acquiring an additional 7,844 shares during the period.

Blackrock Taxable Municipal Bond Trust stock traded down $0.05 during trading hours on Friday, hitting $25.31. 126,385 shares of the company traded hands, compared to its average volume of 185,377. The firm’s 50-day simple moving average is $24.94 and its two-hundred day simple moving average is $24.43. Blackrock Taxable Municipal Bond Trust has a 1-year low of $21.62 and a 1-year high of $25.65.

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.112 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.34 annualized dividend and a yield of 5.31%.

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.

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

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