LPL Financial LLC increased its holdings in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,802 shares of the investment management company’s stock after purchasing an additional 2,705 shares during the quarter. LPL Financial LLC’s holdings in Blackrock Taxable Municipal Bond Trust were worth $4,170,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cetera Advisors LLC raised its position in Blackrock Taxable Municipal Bond Trust by 949.8% during the 1st quarter. Cetera Advisors LLC now owns 190,270 shares of the investment management company’s stock worth $4,272,000 after purchasing an additional 172,145 shares during the last quarter. Global Financial Private Capital LLC raised its position in shares of Blackrock Taxable Municipal Bond Trust by 97.1% during the first quarter. Global Financial Private Capital LLC now owns 219,064 shares of the investment management company’s stock worth $4,914,000 after acquiring an additional 107,908 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Blackrock Taxable Municipal Bond Trust during the second quarter worth about $2,271,000. Private Advisor Group LLC lifted its stake in shares of Blackrock Taxable Municipal Bond Trust by 144.3% in the first quarter. Private Advisor Group LLC now owns 63,034 shares of the investment management company’s stock worth $1,413,000 after acquiring an additional 37,233 shares during the period. Finally, ELCO Management Co. LLC acquired a new position in shares of Blackrock Taxable Municipal Bond Trust in the second quarter worth approximately $415,000.

BBN stock traded down $0.04 during trading on Wednesday, hitting $24.51. The company had a trading volume of 8,685 shares, compared to its average volume of 153,691. The business has a 50-day moving average of $24.68 and a 200-day moving average of $23.40. Blackrock Taxable Municipal Bond Trust has a one year low of $19.59 and a one year high of $25.65.

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.112 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.34 annualized dividend and a yield of 5.48%.

Blackrock Taxable Municipal Bond Trust 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.

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

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