Bank of New York Mellon Corp Sells 31 Shares of Blackrock Taxable Municipal Bond Trust (BBN)

Bank of New York Mellon Corp lowered its stake in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 0.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,220 shares of the investment management company’s stock after selling 31 shares during the quarter. Bank of New York Mellon Corp’s holdings in Blackrock Taxable Municipal Bond Trust were worth $2,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Blackrock Taxable Municipal Bond Trust by 3.6% in the first quarter. Morgan Stanley now owns 915,629 shares of the investment management company’s stock worth $20,500,000 after buying an additional 32,045 shares during the period. UBS Group AG raised its stake in shares of Blackrock Taxable Municipal Bond Trust by 1.6% in the first quarter. UBS Group AG now owns 833,372 shares of the investment management company’s stock worth $18,659,000 after buying an additional 12,824 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Blackrock Taxable Municipal Bond Trust in the first quarter worth about $7,588,000. HighTower Advisors LLC raised its stake in shares of Blackrock Taxable Municipal Bond Trust by 3.0% in the first quarter. HighTower Advisors LLC now owns 128,548 shares of the investment management company’s stock worth $2,885,000 after buying an additional 3,757 shares during the period. Finally, Access Financial Services Inc. raised its stake in shares of Blackrock Taxable Municipal Bond Trust by 5.1% in the second quarter. Access Financial Services Inc. now owns 76,942 shares of the investment management company’s stock worth $1,763,000 after buying an additional 3,701 shares during the period.

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Blackrock Taxable Municipal Bond Trust (NYSE BBN) opened at 23.51 on Thursday. Blackrock Taxable Municipal Bond Trust has a 1-year low of $19.50 and a 1-year high of $23.96. The stock has a 50 day moving average price of $23.64 and a 200 day moving average price of $23.10.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.1318 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 6.73%.

Blackrock Taxable Municipal Bond Trust Profile

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

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

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