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

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.94 and traded as low as $16.00. BlackRock Taxable Municipal Bond Trust shares last traded at $16.06, with a volume of 240,209 shares traded.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4 %

The firm’s 50 day moving average price is $16.47 and its two-hundred day moving average price is $16.95.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.0929 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.94%.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BBN. Integrated Capital Management Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.5% in the 3rd quarter. Integrated Capital Management Inc. now owns 22,597 shares of the investment management company’s stock worth $403,000 after acquiring an additional 983 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.7% in the second quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock worth $902,000 after purchasing an additional 1,435 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares in the last quarter. Fairscale Capital LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter valued at about $31,000. Finally, Raymond James & Associates boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 0.7% in the third quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock valued at $6,315,000 after acquiring an additional 2,478 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.