Blackrock Taxable Municipal Bond Trust (NYSE:BBN) Shares Sold by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lowered its stake in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 9.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,137 shares of the investment management company’s stock after selling 675 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Blackrock Taxable Municipal Bond Trust were worth $145,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Blackrock Taxable Municipal Bond Trust by 127.0% in the second quarter. US Bancorp DE now owns 2,270 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,270 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust in the second quarter valued at about $149,000. Pacific Wealth Strategies Group Inc. acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust in the second quarter valued at about $202,000. Centaurus Financial Inc. acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust in the second quarter valued at about $207,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust in the second quarter valued at about $228,000.

BBN stock opened at $23.79 on Wednesday. Blackrock Taxable Municipal Bond Trust has a 1 year low of $19.59 and a 1 year high of $25.65. The stock has a 50-day simple moving average of $24.49 and a 200-day simple moving average of $23.82.

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.112 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.65%.

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.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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