Meridian Investment Counsel Inc. Cuts Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Meridian Investment Counsel Inc. cut its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 23.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,167 shares of the investment management company’s stock after selling 8,167 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BBN. Larson Financial Group LLC lifted its holdings in 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 acquiring an additional 1,480 shares during the period. D.A. Davidson & CO. boosted its holdings in BlackRock Taxable Municipal Bond Trust by 58.4% during the third quarter. D.A. Davidson & CO. now owns 28,879 shares of the investment management company’s stock worth $515,000 after buying an additional 10,642 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at about $1,777,000. HighTower Advisors LLC lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 330.6% during the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock valued at $7,757,000 after acquiring an additional 334,362 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $2,280,000.

BlackRock Taxable Municipal Bond Trust Stock Up 0.7 %

Shares of BBN stock opened at $16.57 on Monday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.39 and a 1 year high of $18.42. The stock has a fifty day moving average price of $16.59 and a 200 day moving average price of $16.74.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0929 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a yield of 6.73%.

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.