Allspring Global Investments Holdings LLC Boosts Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Allspring Global Investments Holdings LLC raised its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,641 shares of the investment management company’s stock after purchasing an additional 3,941 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $607,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth approximately $239,000. Park Avenue Securities LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 7.3% during the fourth quarter. Park Avenue Securities LLC now owns 120,896 shares of the investment management company’s stock worth $1,949,000 after acquiring an additional 8,269 shares during the period. Jane Street Group LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth approximately $942,000. JPMorgan Chase & Co. purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth approximately $274,000. Finally, HighTower Advisors LLC increased 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 acquiring an additional 334,362 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Down 0.1 %

NYSE BBN opened at $16.58 on Tuesday. The firm’s 50 day moving average price is $16.31 and its 200-day moving average price is $16.92. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0929 per share. The ex-dividend date is Friday, February 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.72%.

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.