Nwam LLC trimmed its stake in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,468 shares of the investment management company’s stock after selling 1,011 shares during the period. Nwam LLC’s holdings in Blackrock Taxable Municipal Bond Trust were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 9.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,301 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 539 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 2.9% during the first quarter. Stratos Wealth Partners LTD. now owns 20,795 shares of the investment management company’s stock valued at $466,000 after purchasing an additional 588 shares during the last quarter. Laurel Wealth Advisors Inc. raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 2.9% during the first quarter. Laurel Wealth Advisors Inc. now owns 24,281 shares of the investment management company’s stock valued at $545,000 after purchasing an additional 675 shares during the last quarter. S. R. Schill & Associates raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 11.0% during the first quarter. S. R. Schill & Associates now owns 14,430 shares of the investment management company’s stock valued at $324,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Blackrock Taxable Municipal Bond Trust during the first quarter valued at approximately $42,000.

Shares of BBN remained flat at $$23.74 during mid-day trading on Monday. 12,789 shares of the stock traded hands, compared to its average volume of 144,250. The business has a 50-day simple moving average of $23.56. Blackrock Taxable Municipal Bond Trust has a 1 year low of $19.59 and a 1 year high of $23.86.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.112 per share. The ex-dividend date is Friday, July 12th. This represents a $1.34 annualized dividend and a dividend yield of 5.66%.

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.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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