Kovitz Investment Group Partners LLC Sells 2,617 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Kovitz Investment Group Partners LLC trimmed its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,333 shares of the investment management company’s stock after selling 2,617 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. National Bank of Canada FI grew its position in BlackRock Taxable Municipal Bond Trust by 12.9% in the fourth quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 1,000 shares during the period. Advisory Services Network LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter worth $173,000. Generation Capital Management LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at $187,000. Avantax Advisory Services Inc. bought a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter worth about $216,000. Finally, Sanctuary Advisors LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $239,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.2 %

Shares of BBN stock opened at $16.09 on Tuesday. The firm’s 50 day moving average is $16.35 and its 200-day moving average is $16.46. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.37 and a 1 year high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend is Tuesday, April 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.