M&T Bank Corp Sells 145,997 Shares of BlackRock Taxable Municipal Bond Trust $BBN

M&T Bank Corp lessened its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 497,237 shares of the investment management company’s stock after selling 145,997 shares during the period. M&T Bank Corp’s holdings in BlackRock Taxable Municipal Bond Trust were worth $8,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock worth $17,409,000 after buying an additional 387,300 shares during the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 8.4% in 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 buying an additional 159,931 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 13.1% in the 1st quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock worth $9,383,000 after buying an additional 64,953 shares during the last quarter. Focused Wealth Management Inc increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 8.2% in the 4th quarter. Focused Wealth Management Inc now owns 776,422 shares of the investment management company’s stock worth $12,671,000 after buying an additional 58,658 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 2nd quarter valued at $786,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN opened at $16.11 on Wednesday. The firm has a fifty day simple moving average of $16.19 and a two-hundred day simple moving average of $16.53. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.38 and a twelve month high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0986 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.3%.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.