JPMorgan Chase & Co. Acquires New Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

JPMorgan Chase & Co. bought a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,362 shares of the investment management company’s stock, valued at approximately $274,000.

A number of other hedge funds also recently added to or reduced their stakes in BBN. HighTower Advisors LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 330.6% during the third quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after buying an additional 334,362 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $2,280,000. Benjamin Edwards Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at approximately $1,777,000. Primoris Wealth Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at approximately $1,693,000. Finally, Jane Street Group LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at $942,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5 %

Shares of BBN stock opened at $16.49 on Friday. The firm has a fifty day moving average price of $16.42 and a 200 day moving average price of $16.94. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.39 and a 12 month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Wednesday, January 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.