Wells Fargo & Company MN lowered its position in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 488,474 shares of the investment management company’s stock after selling 123,284 shares during the period. Wells Fargo & Company MN’s holdings in Blackrock Taxable Municipal Bond Trust were worth $11,709,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Hollencrest Securities LLC increased its stake in Blackrock Taxable Municipal Bond Trust by 0.6% in the second quarter. Hollencrest Securities LLC now owns 27,789 shares of the investment management company’s stock worth $677,000 after buying an additional 171 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in Blackrock Taxable Municipal Bond Trust during the second quarter worth $207,000. Sigma Planning Corp increased its stake in Blackrock Taxable Municipal Bond Trust by 56.5% in the second quarter. Sigma Planning Corp now owns 25,310 shares of the investment management company’s stock worth $617,000 after buying an additional 9,137 shares during the last quarter. MSI Financial Services Inc increased its stake in Blackrock Taxable Municipal Bond Trust by 10.5% in the second quarter. MSI Financial Services Inc now owns 20,261 shares of the investment management company’s stock worth $494,000 after buying an additional 1,930 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Blackrock Taxable Municipal Bond Trust during the second quarter worth $120,000.

Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

Shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) traded down 1.4259% during trading on Wednesday, reaching $21.9426. The company’s stock had a trading volume of 163,630 shares. Blackrock Taxable Municipal Bond Trust has a 12-month low of $19.50 and a 12-month high of $25.58. The company has a 50 day moving average of $22.35 and a 200-day moving average of $23.63.

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About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (BBN), formerly BlackRock Build America Bond Trust, is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust invests primarily in a portfolio of taxable municipal securities known as Build America Bonds (BABs) that are issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings, among others.

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