Fairscale Capital LLC Makes New $31,000 Investment in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Fairscale Capital LLC bought a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,894 shares of the investment management company’s stock, valued at approximately $31,000.

A number of other hedge funds have also made changes to their positions in the business. Fortis Group Advisors LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,000 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 1,000 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 43,308 shares of the investment management company’s stock valued at $657,000 after buying an additional 1,090 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 6.7% during the 4th quarter. D.A. Davidson & CO. now owns 19,369 shares of the investment management company’s stock valued at $315,000 after buying an additional 1,223 shares during the period. J.W. Cole Advisors Inc. lifted its position in BlackRock Taxable Municipal Bond Trust by 2.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock worth $902,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Benedetti & Gucer Inc. boosted its holdings in BlackRock Taxable Municipal Bond Trust by 15.8% in the 1st quarter. Benedetti & Gucer Inc. now owns 11,700 shares of the investment management company’s stock worth $191,000 after acquiring an additional 1,600 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4 %

Shares of NYSE:BBN opened at $17.97 on Monday. The company has a 50 day moving average of $17.41 and a two-hundred day moving average of $16.52. BlackRock Taxable Municipal Bond Trust has a 52-week low of $14.33 and a 52-week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 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 6.20%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.