NewEdge Advisors LLC Grows Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

NewEdge Advisors LLC grew its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,548 shares of the investment management company’s stock after purchasing an additional 5,095 shares during the quarter. NewEdge Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $589,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. National Bank of Canada FI raised its position in shares of BlackRock Taxable Municipal Bond Trust by 12.9% during the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,000 shares during the period. Advisory Services Network LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $173,000. Avantax Advisory Services Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $216,000. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at approximately $239,000. Finally, Mezzasalma Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $240,000.

BlackRock Taxable Municipal Bond Trust Stock Up 0.6 %

BBN stock opened at $16.11 on Monday. The firm’s 50 day moving average price is $16.36 and its 200-day moving average price is $16.47. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.92%. The ex-dividend date is Tuesday, April 15th.

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.