BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Cross Below 200-Day Moving Average of $16.00

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.00 and traded as low as $15.70. BlackRock Taxable Municipal Bond Trust shares last traded at $15.78, with a volume of 264,416 shares.

BlackRock Taxable Municipal Bond Trust Stock Down 2.0 %

The business has a fifty day moving average price of $16.46 and a 200-day moving average price of $16.00.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.093 dividend. This represents a $1.12 annualized dividend and a yield of 7.07%. The ex-dividend date is Friday, April 12th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BBN. Fortis Group Advisors LLC increased its position in BlackRock Taxable Municipal Bond Trust by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,000 shares of the investment management company’s stock valued at $33,000 after buying an additional 1,000 shares in the last quarter. LM Advisors LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter worth $33,000. Tortoise Investment Management LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 332.0% in the 4th quarter. Tortoise Investment Management LLC now owns 2,635 shares of the investment management company’s stock worth $43,000 after purchasing an additional 2,025 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 62.9% in the 3rd quarter. Harbour Investments Inc. now owns 2,850 shares of the investment management company’s stock worth $43,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 33.3% in the 1st quarter. Advisory Services Network LLC now owns 4,000 shares of the investment management company’s stock worth $72,000 after purchasing an additional 1,000 shares in the last quarter.

About BlackRock Taxable Municipal Bond Trust

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.