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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth about $239,000. Jane Street Group LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth about $942,000. HighTower Advisors LLC increased its position 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 purchasing an additional 334,362 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of BlackRock Taxable Municipal Bond Trust by 58.4% in the third quarter. D.A. Davidson & CO. now owns 28,879 shares of the investment management company’s stock worth $515,000 after purchasing an additional 10,642 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of BlackRock Taxable Municipal Bond Trust by 50.5% in the second quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock worth $12,463,000 after purchasing an additional 255,824 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

BBN stock opened at $16.23 on Friday. The company’s 50 day moving average is $16.41 and its 200 day moving average is $16.95. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.39 and a 1-year high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Wednesday, January 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.