Transform Wealth LLC Makes New Investment in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Transform Wealth LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 34,900 shares of the investment management company’s stock, valued at approximately $563,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Capital Management Inc. increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.5% in the third quarter. Integrated Capital Management Inc. now owns 22,597 shares of the investment management company’s stock valued at $403,000 after buying an additional 983 shares during the period. Larson Financial Group LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 246.7% in the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 1,480 shares during the last quarter. Raymond James & Associates increased its position in BlackRock Taxable Municipal Bond Trust by 0.7% during the 3rd quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock valued at $6,315,000 after purchasing an additional 2,478 shares during the period. Farther Finance Advisors LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 4.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock worth $1,086,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth approximately $53,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5 %

BBN opened at $16.32 on Wednesday. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42. The company has a fifty day moving average of $16.40 and a 200-day moving average of $16.95.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.83%. 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.