BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Posted by Matthew Tipps on Jan 12th, 2025

BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.94 and traded as low as $16.00. BlackRock Taxable Municipal Bond Trust shares last traded at $16.06, with a volume of 240,209 shares traded.

BlackRock Taxable Municipal Bond Trust Trading Down 0.4 %

The stock’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $16.95.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.0929 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.11 annualized dividend and a dividend yield of 6.94%.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter valued at $274,000. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth approximately $239,000. Virtu Financial LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at $335,000. Jane Street Group LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at $942,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the third quarter worth $2,280,000.

About BlackRock Taxable Municipal Bond Trust

(Get Free Report)

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.