Noble Wealth Management PBC Buys New Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Noble Wealth Management PBC bought a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the 4th quarter, HoldingsChannel reports. The fund bought 48,492 shares of the investment management company’s stock, valued at approximately $782,000.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at $239,000. Park Avenue Securities LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 120,896 shares of the investment management company’s stock valued at $1,949,000 after purchasing an additional 8,269 shares during the period. Jane Street Group LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at $942,000. JPMorgan Chase & Co. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at $274,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 11.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 37,641 shares of the investment management company’s stock valued at $607,000 after purchasing an additional 3,941 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5 %

Shares of BBN stock opened at $16.94 on Friday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.39 and a 1 year high of $18.42. The business’s fifty day moving average is $16.37 and its 200-day moving average is $16.91.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.58%. The ex-dividend date was Friday, February 14th.

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.