Benjamin Edwards Inc. Makes New $1.78 Million Investment in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Benjamin Edwards Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 99,749 shares of the investment management company’s stock, valued at approximately $1,777,000.

Several other large investors have also recently modified their holdings of BBN. Brookstone Capital Management purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at about $348,000. Wolverine Asset Management LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 678.7% in the second quarter. Wolverine Asset Management LLC now owns 30,369 shares of the investment management company’s stock worth $497,000 after buying an additional 26,469 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 50.5% during the second quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock valued at $12,463,000 after buying an additional 255,824 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of BlackRock Taxable Municipal Bond Trust by 58.4% during the third quarter. D.A. Davidson & CO. now owns 28,879 shares of the investment management company’s stock valued at $515,000 after acquiring an additional 10,642 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in BlackRock Taxable Municipal Bond Trust by 2.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock worth $902,000 after acquiring an additional 1,435 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN stock opened at $17.09 on Friday. The stock’s 50 day simple moving average is $16.89 and its 200 day simple moving average is $16.87. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Friday, November 15th.

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.