BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 40.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 635,080 shares of the investment management company’s stock after selling 440,056 shares during the period. M&T Bank Corp’s holdings in BlackRock Taxable Municipal Bond Trust were worth $11,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Capital Management Inc. grew its position in BlackRock Taxable Municipal Bond Trust by 4.5% in the 3rd quarter. Integrated Capital Management Inc. now owns 22,597 shares of the investment management company’s stock valued at $403,000 after acquiring an additional 983 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.7% in the second quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock valued at $902,000 after purchasing an additional 1,435 shares during the period. Larson Financial Group LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 246.7% in the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares in the last quarter. Fairscale Capital LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $31,000. Finally, Raymond James & Associates lifted its holdings in BlackRock Taxable Municipal Bond Trust by 0.7% during the 3rd quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock worth $6,315,000 after buying an additional 2,478 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE:BBN opened at $15.88 on Friday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42. The company has a fifty day simple moving average of $16.70 and a two-hundred day simple moving average of $16.94.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0929 per share. The ex-dividend date is Monday, December 16th. This represents a $1.11 annualized dividend and a yield of 7.02%.

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.