Access Financial Services Inc. Sells 847 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Access Financial Services Inc. reduced its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,543 shares of the investment management company’s stock after selling 847 shares during the period. Access Financial Services Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth $239,000. Jane Street Group LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth $942,000. Park Avenue Securities LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 7.3% in the fourth quarter. Park Avenue Securities LLC now owns 120,896 shares of the investment management company’s stock worth $1,949,000 after purchasing an additional 8,269 shares during the period. HighTower Advisors LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 330.6% in the third quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after purchasing an additional 334,362 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in BlackRock Taxable Municipal Bond Trust by 58.4% in the third quarter. D.A. Davidson & CO. now owns 28,879 shares of the investment management company’s stock valued at $515,000 after buying an additional 10,642 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.2 %

NYSE:BBN opened at $16.23 on Monday. The stock’s 50-day simple moving average is $16.41 and its 200 day simple moving average is $16.95. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a yield of 6.87%. The ex-dividend date is Wednesday, January 15th.

BlackRock Taxable Municipal Bond Trust Profile

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.