Raymond James & Associates decreased its stake in BlackRock Municipal Bond Trust (NYSE:BBK) by 12.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,513 shares of the financial services provider’s stock after selling 4,523 shares during the period. Raymond James & Associates’ holdings in BlackRock Municipal Bond Trust were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BBK. Rehmann Capital Advisory Group boosted its stake in BlackRock Municipal Bond Trust by 1,277.9% in the third quarter. Rehmann Capital Advisory Group now owns 8,681 shares of the financial services provider’s stock worth $630,000 after purchasing an additional 8,051 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of BlackRock Municipal Bond Trust in the third quarter worth about $139,000. Virtu Financial LLC bought a new stake in shares of BlackRock Municipal Bond Trust in the third quarter worth about $150,000. Envestnet Asset Management Inc. bought a new stake in shares of BlackRock Municipal Bond Trust in the third quarter worth about $198,000. Finally, Financial & Investment Management Group Ltd. bought a new stake in shares of BlackRock Municipal Bond Trust in the fourth quarter worth about $508,000.

Shares of BlackRock Municipal Bond Trust stock opened at $14.55 on Thursday. BlackRock Municipal Bond Trust has a 1 year low of $13.06 and a 1 year high of $14.65.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.0545 per share. The ex-dividend date is Friday, April 12th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.49%.

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BlackRock Municipal Bond Trust Profile

BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.

Further Reading: Roth IRA

Want to see what other hedge funds are holding BBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Municipal Bond Trust (NYSE:BBK).

Institutional Ownership by Quarter for BlackRock Municipal Bond Trust (NYSE:BBK)

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