BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBNFree Report) by 330.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 435,512 shares of the investment management company’s stock after buying an additional 334,362 shares during the quarter. HighTower Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $7,757,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the second quarter valued at approximately $31,000. Larson Financial Group LLC raised its stake in 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 valued at $37,000 after purchasing an additional 1,480 shares during the period. Eastern Bank purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the third quarter valued at $53,000. Miracle Mile Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth $178,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the second quarter valued at $230,000.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE:BBN opened at $17.15 on Tuesday. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.39 and a 1-year high of $18.42. The business’s fifty day moving average price is $16.84 and its 200 day moving average price is $16.91.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be paid a $0.0929 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.11 annualized dividend and a yield of 6.50%.

BlackRock Taxable Municipal Bond Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Taxable Municipal Bond Trust (NYSE:BBNFree Report).

Institutional Ownership by Quarter for BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Receive News & Ratings for BlackRock Taxable Municipal Bond Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Taxable Municipal Bond Trust and related companies with MarketBeat.com's FREE daily email newsletter.