Steward Partners Investment Advisory LLC Purchases 21,654 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Steward Partners Investment Advisory LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 446.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,506 shares of the investment management company’s stock after purchasing an additional 21,654 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bluffs Wealth Management LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 22.6% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock worth $27,765,000 after purchasing an additional 318,049 shares during the last quarter. Focused Wealth Management Inc increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.1% in the fourth quarter. Focused Wealth Management Inc now owns 608,359 shares of the investment management company’s stock worth $9,807,000 after buying an additional 29,709 shares during the period. HighTower Advisors LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 330.6% in 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 during the period. NINE MASTS CAPITAL Ltd increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 324.4% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 218,463 shares of the investment management company’s stock worth $3,522,000 after buying an additional 166,989 shares during the period. Finally, Intellectus Partners LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 12.1% in the third quarter. Intellectus Partners LLC now owns 199,919 shares of the investment management company’s stock worth $3,563,000 after buying an additional 21,603 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Down 0.2 %

BBN opened at $16.62 on Thursday. The business’s 50-day moving average price is $16.48 and its 200-day moving average price is $16.86. 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 business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0929 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.11 annualized dividend and a dividend yield of 6.71%.

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.