Schnieders Capital Management LLC Reduces Stock Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Schnieders Capital Management LLC reduced its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,375 shares of the investment management company’s stock after selling 2,200 shares during the period. Schnieders Capital Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SFI Advisors LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 19.0% during the 3rd quarter. SFI Advisors LLC now owns 14,569 shares of the investment management company’s stock worth $221,000 after purchasing an additional 2,322 shares during the period. Riverbridge Partners LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 24.6% during the 3rd quarter. Riverbridge Partners LLC now owns 18,111 shares of the investment management company’s stock worth $275,000 after purchasing an additional 3,572 shares during the period. Bryn Mawr Capital Management LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth about $295,000. Wolverine Asset Management LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 61.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 35,366 shares of the investment management company’s stock worth $536,000 after purchasing an additional 13,404 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth about $621,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN stock traded up $0.08 during trading hours on Tuesday, reaching $15.66. 168,634 shares of the stock were exchanged, compared to its average volume of 220,961. BlackRock Taxable Municipal Bond Trust has a 12-month low of $14.33 and a 12-month high of $18.10. The company’s 50-day moving average price is $16.23 and its 200-day moving average price is $16.04.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.093 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 7.13%.

BlackRock Taxable Municipal Bond Trust Company 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.