Eagle Bluffs Wealth Management LLC Raises Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Eagle Bluffs Wealth Management LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,253,593 shares of the investment management company’s stock after purchasing an additional 44,738 shares during the period. BlackRock Taxable Municipal Bond Trust comprises about 13.9% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Eagle Bluffs Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $20,383,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James & Associates raised its stake in BlackRock Taxable Municipal Bond Trust by 37.6% during the fourth quarter. Raymond James & Associates now owns 294,999 shares of the investment management company’s stock worth $4,797,000 after acquiring an additional 80,660 shares during the period. High Net Worth Advisory Group LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 1.8% during the fourth quarter. High Net Worth Advisory Group LLC now owns 56,921 shares of the investment management company’s stock worth $926,000 after acquiring an additional 986 shares during the period. Comerica Bank acquired a new stake in BlackRock Taxable Municipal Bond Trust during the third quarter worth about $189,000. Harbour Investments Inc. raised its stake in BlackRock Taxable Municipal Bond Trust by 62.9% during the third quarter. Harbour Investments Inc. now owns 2,850 shares of the investment management company’s stock worth $43,000 after acquiring an additional 1,100 shares during the period. Finally, Morgan Stanley raised its stake in BlackRock Taxable Municipal Bond Trust by 8.2% during the third quarter. Morgan Stanley now owns 3,470,839 shares of the investment management company’s stock worth $52,618,000 after acquiring an additional 264,211 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN traded down $0.01 on Tuesday, hitting $15.51. 151,078 shares of the company’s stock were exchanged, compared to its average volume of 225,881. The stock has a fifty day moving average of $16.38 and a two-hundred day moving average of $16.02. BlackRock Taxable Municipal Bond Trust has a twelve month low of $14.33 and a twelve month high of $18.10.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.093 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 7.20%.

BlackRock Taxable Municipal Bond Trust Company Profile

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.