BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

BlackRock Taxable Municipal Bond Trust (NYSE:BBN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.22 and traded as high as $17.28. BlackRock Taxable Municipal Bond Trust shares last traded at $17.2350, with a volume of 225,111 shares traded.

BlackRock Taxable Municipal Bond Trust Trading Up 0.7%

The company’s fifty day simple moving average is $16.66 and its two-hundred day simple moving average is $16.22.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.0986 per share. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 6.9%.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Toledo NA OH acquired a new position in BlackRock Taxable Municipal Bond Trust in the second quarter valued at $52,000. Allworth Financial LP grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% during the 2nd quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock worth $69,000 after purchasing an additional 4,000 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $148,000. Steward Partners Investment Advisory LLC increased its position in BlackRock Taxable Municipal Bond Trust by 316.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock worth $164,000 after purchasing an additional 7,733 shares in the last quarter. Finally, WealthTrust Axiom LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the second quarter valued at approximately $165,000.

BlackRock Taxable Municipal Bond Trust Company 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.