Mid Atlantic Financial Management Inc. ADV Has $410,000 Stake in Blackrock Taxable Municipal Bond Trust (BBN)

Mid Atlantic Financial Management Inc. ADV lessened its position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 26.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,275 shares of the investment management company’s stock after selling 6,600 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Blackrock Taxable Municipal Bond Trust were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BBN. Hilltop Holdings Inc. raised its position in shares of Blackrock Taxable Municipal Bond Trust by 412.2% in the fourth quarter. Hilltop Holdings Inc. now owns 661,785 shares of the investment management company’s stock valued at $13,911,000 after buying an additional 532,578 shares during the last quarter. Cetera Advisors LLC increased its position in Blackrock Taxable Municipal Bond Trust by 949.8% during the first quarter. Cetera Advisors LLC now owns 190,270 shares of the investment management company’s stock worth $4,272,000 after purchasing an additional 172,145 shares during the last quarter. Townsquare Capital LLC acquired a new position in Blackrock Taxable Municipal Bond Trust during the fourth quarter worth approximately $2,130,000. Tortoise Investment Management LLC acquired a new position in Blackrock Taxable Municipal Bond Trust during the fourth quarter worth approximately $1,751,000. Finally, Ibex Wealth Advisors acquired a new position in Blackrock Taxable Municipal Bond Trust during the first quarter worth approximately $1,012,000.

Shares of BBN stock opened at $23.21 on Wednesday. Blackrock Taxable Municipal Bond Trust has a one year low of $19.59 and a one year high of $23.29.

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a yield of 6.14%. The ex-dividend date is Tuesday, May 14th.

COPYRIGHT VIOLATION WARNING: “Mid Atlantic Financial Management Inc. ADV Has $410,000 Stake in Blackrock Taxable Municipal Bond Trust (BBN)” was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/05/22/mid-atlantic-financial-management-inc-adv-has-410000-stake-in-blackrock-taxable-municipal-bond-trust-bbn.html.

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.

See Also: Diluted Earnings Per Share

Want to see what other hedge funds are holding BBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Taxable Municipal Bond Trust (NYSE:BBN).

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

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.