Blackrock Taxable Municipal Bond Trust (NYSE:BBN) Stock Price Passes Above 50 Day Moving Average of $23.66

Blackrock Taxable Municipal Bond Trust (NYSE:BBN) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $23.66 and traded as high as $24.08. Blackrock Taxable Municipal Bond Trust shares last traded at $24.07, with a volume of 3,483 shares traded.

The firm’s 50-day moving average is $23.66 and its two-hundred day moving average is $23.99.

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.34 annualized dividend and a dividend yield of 5.59%.

In other Blackrock Taxable Municipal Bond Trust news, insider Spencer Matthew 533,000 shares of Blackrock Taxable Municipal Bond Trust stock in a transaction dated Friday, October 25th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in Blackrock Taxable Municipal Bond Trust by 127.0% during the 2nd quarter. US Bancorp DE now owns 2,270 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 1,270 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Blackrock Taxable Municipal Bond Trust by 365.5% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,211 shares of the investment management company’s stock valued at $55,000 after acquiring an additional 1,736 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in Blackrock Taxable Municipal Bond Trust during the 3rd quarter valued at about $80,000. FNY Investment Advisers LLC grew its stake in Blackrock Taxable Municipal Bond Trust by 47.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 4,400 shares of the investment management company’s stock valued at $108,000 after acquiring an additional 1,417 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new stake in Blackrock Taxable Municipal Bond Trust during the 2nd quarter valued at about $149,000.

Blackrock Taxable Municipal Bond Trust Company Profile (NYSE:BBN)

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.

Read More: How Do Mutual Funds Work?

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