BlackRock Taxable Municipal Bond Trust $BBN Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP lessened its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 59.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,659 shares of the investment management company’s stock after selling 72,818 shares during the quarter. Readystate Asset Management LP’s holdings in BlackRock Taxable Municipal Bond Trust were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Gridiron Partners LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 20,210.0% during the third quarter. Gridiron Partners LLC now owns 6,200,851 shares of the investment management company’s stock worth $1,029,000 after acquiring an additional 6,170,320 shares during the period. Eagle Bluffs Wealth Management LLC grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 8.4% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 2,059,825 shares of the investment management company’s stock worth $34,193,000 after purchasing an additional 159,931 shares during the period. Raymond James Financial Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.7% in the 2nd quarter. Raymond James Financial Inc. now owns 899,059 shares of the investment management company’s stock valued at $14,484,000 after purchasing an additional 48,679 shares in the last quarter. Invesco Ltd. lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 3.5% in the second quarter. Invesco Ltd. now owns 772,393 shares of the investment management company’s stock valued at $12,443,000 after purchasing an additional 26,369 shares during the period. Finally, Focused Wealth Management Inc lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 8.3% in the third quarter. Focused Wealth Management Inc now owns 717,764 shares of the investment management company’s stock valued at $11,915,000 after purchasing an additional 54,797 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN opened at $16.61 on Thursday. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.37 and a twelve month high of $17.45. The firm’s 50-day moving average is $16.48 and its two-hundred day moving average is $16.62.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0986 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.