B. Riley Wealth Advisors Inc. trimmed its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Free Report) by 27.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,308 shares of the investment management company’s stock after selling 16,722 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $657,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of BlackRock Taxable Municipal Bond Trust by 8.2% during the 3rd quarter. Morgan Stanley now owns 3,470,839 shares of the investment management company’s stock worth $52,618,000 after buying an additional 264,211 shares during the period. UBS Group AG grew its position in shares of BlackRock Taxable Municipal Bond Trust by 5.7% during the 1st quarter. UBS Group AG now owns 1,394,199 shares of the investment management company’s stock worth $30,701,000 after buying an additional 74,920 shares during the period. Eagle Bluffs Wealth Management LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 37.5% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 1,208,855 shares of the investment management company’s stock worth $18,326,000 after buying an additional 329,630 shares during the period. Wells Fargo & Company MN grew its position in shares of BlackRock Taxable Municipal Bond Trust by 71.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,115,257 shares of the investment management company’s stock worth $18,781,000 after buying an additional 466,583 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth about $12,641,000.
NYSE:BBN opened at $16.28 on Wednesday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $14.33 and a fifty-two week high of $18.36. The business’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $15.93.
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.
• Five stocks we like better than BlackRock Taxable Municipal Bond Trust
• Growing Twice as Fast as Tesla, XPeng is a Buy
• Should You Add These Warren Buffett Stocks to Your Portfolio?
Receive News & Ratings for BlackRock Taxable Municipal Bond Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock Taxable Municipal Bond Trust and related companies with MarketBeat.com’s FREE daily email newsletter.…Read more by Defense World Staff
