Blackrock Taxable Municipal Bond Trust (BBN) Stake Boosted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,432 shares of the investment management company’s stock after buying an additional 4,368 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Blackrock Taxable Municipal Bond Trust were worth $659,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Usca Ria LLC increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 19.1% in the first quarter. Usca Ria LLC now owns 19,300 shares of the investment management company’s stock worth $432,000 after buying an additional 3,100 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust during the first quarter worth about $1,366,000. Wells Fargo & Company MN increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 16.8% in the first quarter. Wells Fargo & Company MN now owns 432,085 shares of the investment management company’s stock worth $9,674,000 after buying an additional 62,204 shares during the period. Access Financial Services Inc. increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 26.2% in the first quarter. Access Financial Services Inc. now owns 73,241 shares of the investment management company’s stock worth $1,640,000 after buying an additional 15,184 shares during the period. Finally, IFC Holdings Incorporated FL increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 2.0% in the first quarter. IFC Holdings Incorporated FL now owns 31,313 shares of the investment management company’s stock worth $700,000 after buying an additional 602 shares during the period.

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

Shares of Blackrock Taxable Municipal Bond Trust (BBN) opened at 23.00 on Friday. The firm’s 50-day moving average price is $22.75 and its 200-day moving average price is $22.23. Blackrock Taxable Municipal Bond Trust has a one year low of $19.50 and a one year high of $25.58.

The business also recently declared a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.1318 per share. The ex-dividend date is Tuesday, June 13th. This represents a $1.58 annualized dividend and a dividend yield of 6.88%.

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About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

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