BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.22 and traded as high as $17.28. BlackRock Taxable Municipal Bond Trust shares last traded at $17.2350, with a volume of 225,111 shares traded.

BlackRock Taxable Municipal Bond Trust Trading Up 0.7%

The company has a 50-day moving average price of $16.66 and a 200-day moving average price of $16.22.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a $0.0986 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 6.9%.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BBN. Gridiron Partners LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 20,210.0% during the third quarter. Gridiron Partners LLC now owns 6,200,851 shares of the investment management company’s stock worth $1,029,000 after acquiring an additional 6,170,320 shares during the last quarter. Sit Investment Associates Inc. grew its position in BlackRock Taxable Municipal Bond Trust by 18.0% during the 1st quarter. Sit Investment Associates Inc. now owns 5,161,588 shares of the investment management company’s stock worth $86,095,000 after purchasing an additional 787,953 shares during the last quarter. Eagle Bluffs Wealth Management LLC grew its position in BlackRock Taxable Municipal Bond Trust by 8.4% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 2,059,825 shares of the investment management company’s stock worth $34,193,000 after purchasing an additional 159,931 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 13.1% in 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 last quarter. Finally, LPL Financial LLC boosted its stake in shares of 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 period.

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.