BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.42 and traded as low as $15.86. BlackRock Taxable Municipal Bond Trust shares last traded at $15.9950, with a volume of 230,489 shares changing hands.
BlackRock Taxable Municipal Bond Trust Trading Up 0.3%
The business has a fifty day moving average price of $16.01 and a 200-day moving average price of $16.42.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $36,000. PNC Financial Services Group Inc. bought a new position in BlackRock Taxable Municipal Bond Trust in the first quarter valued at about $39,000. Western Wealth Management LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the first quarter valued at about $49,000. Farther Finance Advisors LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 99.2% in the fourth quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 3,126 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at about $148,000.
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.
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