Atlantic Union Bankshares Corp Sells 9,112 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Atlantic Union Bankshares Corp lowered its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 41.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,785 shares of the investment management company’s stock after selling 9,112 shares during the period. Atlantic Union Bankshares Corp’s holdings in BlackRock Taxable Municipal Bond Trust were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Eagle Bluffs Wealth Management LLC increased its position in BlackRock Taxable Municipal Bond Trust by 22.6% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock valued at $27,765,000 after buying an additional 318,049 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $16,022,000. M&T Bank Corp increased its position in BlackRock Taxable Municipal Bond Trust by 0.4% during the 4th quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after buying an additional 2,433 shares in the last quarter. Focused Wealth Management Inc increased its position in BlackRock Taxable Municipal Bond Trust by 5.1% during the 4th quarter. Focused Wealth Management Inc now owns 608,359 shares of the investment management company’s stock valued at $9,807,000 after buying an additional 29,709 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 330.6% in the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after purchasing an additional 334,362 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

BlackRock Taxable Municipal Bond Trust stock opened at $16.60 on Friday. The stock has a fifty day simple moving average of $16.45 and a two-hundred day simple moving average of $16.88. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.39 and a 12 month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0929 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.11 annualized dividend and a yield of 6.72%.

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.