Seven Mile Advisory Buys Shares of 34,563 BlackRock Taxable Municipal Bond Trust $BBN

Seven Mile Advisory purchased a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 34,563 shares of the investment management company’s stock, valued at approximately $574,000.

Several other hedge funds have also recently modified their holdings of BBN. Allworth Financial LP lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% in the 2nd quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock worth $69,000 after purchasing an additional 4,000 shares during the period. Atlantic Union Bankshares Corp purchased a new position in BlackRock Taxable Municipal Bond Trust during the third quarter valued at approximately $148,000. Steward Partners Investment Advisory LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 316.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock valued at $164,000 after buying an additional 7,733 shares during the period. WealthTrust Axiom LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $165,000. Finally, Arete Wealth Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the third quarter worth approximately $183,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

BlackRock Taxable Municipal Bond Trust stock opened at $16.06 on Friday. The business has a fifty day moving average of $16.41 and a two-hundred day moving average of $16.64. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.37 and a twelve month high of $17.45.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0986 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

About BlackRock Taxable Municipal Bond Trust

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.