JPMorgan Chase & Co. Purchases New Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

JPMorgan Chase & Co. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,362 shares of the investment management company’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC boosted 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 worth $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 about $53,000. Miracle Mile Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth about $178,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth about $239,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 22.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,737 shares of the investment management company’s stock worth $298,000 after buying an additional 3,102 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.5 %

BBN opened at $16.49 on Friday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42. The business has a 50 day moving average price of $16.42 and a two-hundred day moving average price of $16.94.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend 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.