BB&T Securities LLC Sells 8,794 Shares of Blackrock Taxable Municipal Bond Trust (BBN)

Share on StockTwits

BB&T Securities LLC cut its stake in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 20.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,731 shares of the investment management company’s stock after selling 8,794 shares during the quarter. BB&T Securities LLC owned approximately 0.06% of Blackrock Taxable Municipal Bond Trust worth $782,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BBN. West Chester Capital Advisors Inc. bought a new position in shares of Blackrock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $25,646,000. Cornerstone Advisory LLP grew its holdings in shares of Blackrock Taxable Municipal Bond Trust by 2,263.1% during the first quarter. Cornerstone Advisory LLP now owns 274,903 shares of the investment management company’s stock valued at $6,191,000 after purchasing an additional 263,270 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Blackrock Taxable Municipal Bond Trust by 171.3% during the first quarter. Private Advisor Group LLC now owns 25,864 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 16,330 shares during the last quarter. Newport Wealth Strategies Inc. bought a new position in shares of Blackrock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $315,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Blackrock Taxable Municipal Bond Trust by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 496,811 shares of the investment management company’s stock valued at $11,521,000 after purchasing an additional 13,888 shares during the last quarter.

Blackrock Taxable Municipal Bond Trust opened at $21.75 on Thursday, Marketbeat reports. Blackrock Taxable Municipal Bond Trust has a 52 week low of $21.26 and a 52 week high of $23.96.

The business also recently announced a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.1318 per share. This represents a $1.58 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Thursday, June 14th.

About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

Want to see what other hedge funds are holding BBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Taxable Municipal Bond Trust (NYSE:BBN).

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

Receive News & Ratings for Blackrock Taxable Municipal Bond Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Taxable Municipal Bond Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply