Benjamin Edwards Inc. Takes Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Benjamin Edwards Inc. bought a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 99,749 shares of the investment management company’s stock, valued at approximately $1,777,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new position in BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $31,000. Larson Financial Group LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after buying an additional 1,480 shares during the period. Eastern Bank bought a new position in BlackRock Taxable Municipal Bond Trust in the third quarter worth about $53,000. Opal Wealth Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth about $102,000. Finally, Miracle Mile Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at approximately $178,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

BBN stock opened at $17.09 on Friday. The business’s 50 day moving average price is $16.89 and its two-hundred day moving average price is $16.87. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.39 and a fifty-two week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.0929 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.11 dividend on an annualized basis and a yield of 6.52%.

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.