LexAurum Advisors LLC Trims Stock Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

LexAurum Advisors LLC decreased its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 8.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,454 shares of the investment management company’s stock after selling 1,790 shares during the quarter. LexAurum Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBN. Envestnet Asset Management Inc. lifted its holdings in BlackRock Taxable Municipal Bond Trust by 50.5% in the second quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock valued at $12,463,000 after acquiring an additional 255,824 shares during the period. Park Avenue Securities LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 2nd quarter valued at $1,923,000. Eagle Bluffs Wealth Management LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 7.0% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 1,354,057 shares of the investment management company’s stock worth $22,139,000 after buying an additional 88,243 shares in the last quarter. First Foundation Advisors acquired a new stake in BlackRock Taxable Municipal Bond Trust during the second quarter valued at $642,000. Finally, Focused Wealth Management Inc increased its holdings in BlackRock Taxable Municipal Bond Trust by 7.3% in the first quarter. Focused Wealth Management Inc now owns 535,410 shares of the investment management company’s stock valued at $8,749,000 after buying an additional 36,284 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5 %

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $17.11 on Friday. The firm has a 50-day simple moving average of $17.69 and a two-hundred day simple moving average of $16.66. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $14.33 and a fifty-two week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0929 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.11 dividend on an annualized basis and a yield of 6.52%.

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.