Perissos Private Wealth Management LLC Reduces Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Perissos Private Wealth Management LLC lessened its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,900 shares of the investment management company’s stock after selling 900 shares during the quarter. Perissos Private Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $178,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BBN. Fortis Group Advisors LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,000 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in BlackRock Taxable Municipal Bond Trust by 2.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 43,308 shares of the investment management company’s stock valued at $657,000 after buying an additional 1,090 shares during the last quarter. D.A. Davidson & CO. raised its position in BlackRock Taxable Municipal Bond Trust by 6.7% in the fourth quarter. D.A. Davidson & CO. now owns 19,369 shares of the investment management company’s stock worth $315,000 after acquiring an additional 1,223 shares during the period. J.W. Cole Advisors Inc. raised its position in BlackRock Taxable Municipal Bond Trust by 2.7% in the second quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock worth $902,000 after acquiring an additional 1,435 shares during the period. Finally, Benedetti & Gucer Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 15.8% during the 1st quarter. Benedetti & Gucer Inc. now owns 11,700 shares of the investment management company’s stock worth $191,000 after acquiring an additional 1,600 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE:BBN opened at $18.27 on Monday. The business has a fifty day moving average price of $17.25 and a 200-day moving average price of $16.46. BlackRock Taxable Municipal Bond Trust has a one year low of $14.33 and a one year high of $18.34.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0929 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.10%.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.