Blackrock Taxable Municipal Bond Trust (NYSE:BBN) Stock Price Passes Below 50-Day Moving Average of $23.35

Blackrock Taxable Municipal Bond Trust (NYSE:BBN)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $23.35 and traded as low as $23.58. Blackrock Taxable Municipal Bond Trust shares last traded at $23.67, with a volume of 1,701 shares changing hands.

The firm’s 50-day moving average is $23.36.

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.119 per share. This represents a $1.43 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Thursday, June 13th.

Institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in shares of Blackrock Taxable Municipal Bond Trust during the first quarter valued at approximately $42,000. Sontag Advisory LLC bought a new stake in shares of Blackrock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $46,000. Bessemer Group Inc. bought a new stake in Blackrock Taxable Municipal Bond Trust in the fourth quarter worth $118,000. Northwestern Mutual Wealth Management Co. increased its position in Blackrock Taxable Municipal Bond Trust by 9.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,301 shares of the investment management company’s stock worth $141,000 after purchasing an additional 539 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in Blackrock Taxable Municipal Bond Trust in the first quarter worth $205,000.

Blackrock Taxable Municipal Bond Trust Company Profile (NYSE:BBN)

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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