Park Avenue Securities LLC Boosts Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Park Avenue Securities LLC lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,896 shares of the investment management company’s stock after purchasing an additional 8,269 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,949,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Integrated Capital Management Inc. raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.5% during the 3rd quarter. Integrated Capital Management Inc. now owns 22,597 shares of the investment management company’s stock worth $403,000 after purchasing an additional 983 shares during the period. Larson Financial Group LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after purchasing an additional 1,480 shares during the period. Fairscale Capital LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter worth $31,000. Raymond James & Associates raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 0.7% during the 3rd quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock worth $6,315,000 after purchasing an additional 2,478 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock worth $1,086,000 after purchasing an additional 2,513 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Up 0.2 %

NYSE BBN opened at $16.23 on Friday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.39 and a one year high of $18.42. The business’s fifty day moving average is $16.41 and its 200-day moving average is $16.95.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.87%. 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.