BlackRock Taxable Municipal Bond Trust $BBN Stake Lessened by Fiera Capital Corp

Fiera Capital Corp lessened its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,329 shares of the investment management company’s stock after selling 35,864 shares during the quarter. Fiera Capital Corp’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverbridge Partners LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 1.4% during the 3rd quarter. Riverbridge Partners LLC now owns 50,883 shares of the investment management company’s stock valued at $845,000 after purchasing an additional 689 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 1.3% in the third quarter. HighTower Advisors LLC now owns 152,682 shares of the investment management company’s stock valued at $2,534,000 after buying an additional 2,022 shares during the period. NewEdge Advisors LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 10.0% during the second quarter. NewEdge Advisors LLC now owns 37,780 shares of the investment management company’s stock valued at $609,000 after buying an additional 3,421 shares in the last quarter. Allworth Financial LP boosted its stake in BlackRock Taxable Municipal Bond Trust by 1,333.3% during the second 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 in the last quarter. Finally, StoneX Group Inc. grew its holdings in 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 acquiring an additional 4,094 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Down 0.2%

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $16.58 on Friday. The company’s 50-day moving average price is $16.45 and its two-hundred day moving average price is $16.62. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.37 and a 52 week high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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

BlackRock Taxable Municipal Bond Trust 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.