BlackRock Taxable Municipal Bond Trust $BBN Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP cut its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 59.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 49,659 shares of the investment management company’s stock after selling 72,818 shares during the period. Readystate Asset Management LP’s holdings in BlackRock Taxable Municipal Bond Trust were worth $824,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Riverbridge Partners LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 1.4% in the 3rd quarter. Riverbridge Partners LLC now owns 50,883 shares of the investment management company’s stock worth $845,000 after buying an additional 689 shares in the last quarter. HighTower Advisors LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 152,682 shares of the investment management company’s stock valued at $2,534,000 after purchasing an additional 2,022 shares in the last quarter. NewEdge Advisors LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 10.0% during the 2nd quarter. NewEdge Advisors LLC now owns 37,780 shares of the investment management company’s stock worth $609,000 after purchasing an additional 3,421 shares during the last quarter. Allworth Financial LP boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% during the 2nd quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock valued at $69,000 after buying an additional 4,000 shares during the last quarter. Finally, StoneX Group Inc. grew its position in shares of BlackRock Taxable Municipal Bond Trust by 2.2% during the second quarter. StoneX Group Inc. now owns 193,060 shares of the investment management company’s stock worth $3,110,000 after buying an additional 4,094 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.3%

BBN opened at $16.61 on Thursday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $17.45. The firm’s fifty day moving average price is $16.48 and its 200 day moving average price is $16.62.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.0986 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.1%.

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.