BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.38 and traded as low as $15.88. BlackRock Taxable Municipal Bond Trust shares last traded at $15.9280, with a volume of 124,692 shares changing hands.
BlackRock Taxable Municipal Bond Trust Trading Down 0.4%
The firm has a fifty day moving average of $16.03 and a 200-day moving average of $16.38.
Institutional Trading of BlackRock Taxable Municipal Bond Trust
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at approximately $36,000. PNC Financial Services Group Inc. bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the first quarter worth approximately $39,000. Western Wealth Management LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust during the first quarter worth approximately $49,000. Farther Finance Advisors LLC grew its position in BlackRock Taxable Municipal Bond Trust by 99.2% during the fourth quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock worth $102,000 after buying an additional 3,126 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in BlackRock Taxable Municipal Bond Trust during the third quarter worth approximately $148,000.
About BlackRock Taxable Municipal Bond Trust
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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