Benjamin F. Edwards & Company Inc. Grows Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Benjamin F. Edwards & Company Inc. increased its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,395 shares of the investment management company’s stock after purchasing an additional 12,395 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,609,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Eagle Bluffs Wealth Management LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 7.0% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 1,354,057 shares of the investment management company’s stock worth $22,139,000 after buying an additional 88,243 shares during the last quarter. UBS Group AG raised its position in BlackRock Taxable Municipal Bond Trust by 7.2% during the fourth quarter. UBS Group AG now owns 1,033,198 shares of the investment management company’s stock worth $16,800,000 after acquiring an additional 69,403 shares during the last quarter. Envestnet Asset Management Inc. raised its position in BlackRock Taxable Municipal Bond Trust by 50.5% during the second quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock worth $12,463,000 after acquiring an additional 255,824 shares during the last quarter. Focused Wealth Management Inc lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.6% in the second quarter. Focused Wealth Management Inc now owns 565,574 shares of the investment management company’s stock valued at $9,247,000 after purchasing an additional 30,164 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of BlackRock Taxable Municipal Bond Trust by 7.5% in the second quarter. Raymond James & Associates now owns 351,873 shares of the investment management company’s stock valued at $5,753,000 after purchasing an additional 24,489 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $17.97 on Monday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $14.33 and a 1 year high of $18.42. The business has a 50 day moving average price of $17.41 and a 200 day moving average price of $16.52.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.0929 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.11 annualized dividend and a dividend yield of 6.20%.

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.