Savvy Advisors Inc. Cuts Position in BlackRock Taxable Municipal Bond Trust $BBN

Savvy Advisors Inc. trimmed its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 1.1% in the second quarter, HoldingsChannel.com reports. The fund owned 61,683 shares of the investment management company’s stock after selling 707 shares during the period. Savvy Advisors Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sit Investment Associates Inc. grew its stake in BlackRock Taxable Municipal Bond Trust by 18.0% in the 1st quarter. Sit Investment Associates Inc. now owns 5,161,588 shares of the investment management company’s stock valued at $86,095,000 after purchasing an additional 787,953 shares during the period. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 7.3% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 1,847,691 shares of the investment management company’s stock worth $30,819,000 after buying an additional 125,321 shares during the last quarter. Royal Bank of Canada grew its position in BlackRock Taxable Municipal Bond Trust by 13.1% during the first quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after buying an additional 64,953 shares during the period. LPL Financial LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 9.2% during the first quarter. LPL Financial LLC now owns 747,872 shares of the investment management company’s stock worth $12,474,000 after buying an additional 63,200 shares during the last quarter. Finally, Apexium Financial LP raised its position in BlackRock Taxable Municipal Bond Trust by 71.0% in the first quarter. Apexium Financial LP now owns 128,310 shares of the investment management company’s stock worth $2,140,000 after acquiring an additional 53,295 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Up 1.3%

BBN opened at $16.90 on Friday. The company’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $16.15. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.37 and a twelve month high of $17.23.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock Taxable Municipal Bond Trust 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.