Quantum Capital Management lowered its position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 19.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,500 shares of the investment management company’s stock after selling 2,500 shares during the period. Quantum Capital Management’s holdings in Blackrock Taxable Municipal Bond Trust were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. First Allied Advisory Services Inc. boosted its stake in Blackrock Taxable Municipal Bond Trust by 12.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 19,540 shares of the investment management company’s stock valued at $422,000 after buying an additional 2,117 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Blackrock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $473,000. Private Advisor Group LLC boosted its stake in Blackrock Taxable Municipal Bond Trust by 0.8% in the fourth quarter. Private Advisor Group LLC now owns 49,352 shares of the investment management company’s stock valued at $1,084,000 after buying an additional 401 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Blackrock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $540,000. Finally, West Chester Capital Advisors Inc. boosted its stake in Blackrock Taxable Municipal Bond Trust by 44.9% in the fourth quarter. West Chester Capital Advisors Inc. now owns 1,626,320 shares of the investment management company’s stock valued at $35,128,000 after buying an additional 503,711 shares in the last quarter.

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

Blackrock Taxable Municipal Bond Trust (NYSE:BBN) traded up 0.32% during midday trading on Thursday, reaching $22.12. 250,942 shares of the company traded hands. Blackrock Taxable Municipal Bond Trust has a 12-month low of $19.50 and a 12-month high of $25.58. The company has a 50 day moving average of $22.00 and a 200-day moving average of $22.87.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 15th will be paid a $0.1318 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Monday, February 13th.

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About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

5 Day Chart for NYSE:BBN

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