Schnieders Capital Management LLC Sells 2,200 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Schnieders Capital Management LLC lessened its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,375 shares of the investment management company’s stock after selling 2,200 shares during the quarter. Schnieders Capital Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $689,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BBN. J.W. Cole Advisors Inc. increased its stake in BlackRock Taxable Municipal Bond Trust by 25.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 49,218 shares of the investment management company’s stock valued at $800,000 after buying an additional 10,011 shares during the last quarter. Invesco Ltd. increased its stake in BlackRock Taxable Municipal Bond Trust by 38.8% in the 3rd quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock valued at $10,540,000 after buying an additional 194,389 shares during the last quarter. Eagle Bluffs Wealth Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 3.7% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 1,253,593 shares of the investment management company’s stock valued at $20,383,000 after buying an additional 44,738 shares during the last quarter. Raymond James & Associates increased its stake in BlackRock Taxable Municipal Bond Trust by 37.6% in the 4th quarter. Raymond James & Associates now owns 294,999 shares of the investment management company’s stock valued at $4,797,000 after buying an additional 80,660 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 27.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 60,312 shares of the investment management company’s stock worth $914,000 after purchasing an additional 13,152 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5 %

Shares of BBN stock traded up $0.08 during trading hours on Tuesday, hitting $15.66. 168,634 shares of the company were exchanged, compared to its average volume of 220,961. The firm has a fifty day simple moving average of $16.23 and a 200 day simple moving average of $16.04. BlackRock Taxable Municipal Bond Trust has a 52-week low of $14.33 and a 52-week high of $18.10.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.093 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 7.13%.

About BlackRock Taxable Municipal Bond Trust

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.