BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.16 and traded as low as $15.85. BlackRock Taxable Municipal Bond Trust shares last traded at $15.88, with a volume of 89,458 shares.

BlackRock Taxable Municipal Bond Trust Price Performance

The company’s 50-day moving average is $15.95 and its 200-day moving average is $16.16.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 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 Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BBN. Bank of America Corp DE boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the third quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock worth $17,409,000 after buying an additional 387,300 shares during the period. Sit Investment Associates Inc. grew its position in shares of BlackRock Taxable Municipal Bond Trust by 5.9% during the fourth quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock worth $109,255,000 after buying an additional 372,131 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 1st quarter worth about $3,778,000. J.W. Cole Advisors Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $3,736,000. Finally, Focus Partners Wealth bought a new position in BlackRock Taxable Municipal Bond Trust during the fourth quarter worth $2,899,000.

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.