Sanctuary Advisors LLC Takes $239,000 Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Sanctuary Advisors LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,631 shares of the investment management company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BBN. Eagle Bluffs Wealth Management LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.7% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 1,404,321 shares of the investment management company’s stock worth $25,025,000 after purchasing an additional 50,264 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 50.5% in the second quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock valued at $12,463,000 after acquiring an additional 255,824 shares in the last quarter. Focused Wealth Management Inc raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.3% during the 3rd quarter. Focused Wealth Management Inc now owns 578,650 shares of the investment management company’s stock worth $10,312,000 after buying an additional 13,076 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 330.6% during the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after purchasing an additional 334,362 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in BlackRock Taxable Municipal Bond Trust by 0.7% in the third quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock valued at $6,315,000 after buying an additional 2,478 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE:BBN opened at $15.90 on Monday. The firm has a 50-day moving average price of $16.59 and a two-hundred day moving average price of $16.95. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were given a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 7.01%. The ex-dividend date was Monday, December 16th.

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.