Natural Investments LLC Acquires New Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Natural Investments LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 42,770 shares of the investment management company’s stock, valued at approximately $689,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in BlackRock Taxable Municipal Bond Trust by 246.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after buying an additional 1,480 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 4.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 49,698 shares of the investment management company’s stock valued at $801,000 after acquiring an additional 2,140 shares during the period. M&T Bank Corp lifted its holdings in BlackRock Taxable Municipal Bond Trust by 0.4% in the fourth quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after acquiring an additional 2,433 shares during the period. Integrated Capital Management Inc. lifted its holdings in BlackRock Taxable Municipal Bond Trust by 13.2% in the fourth quarter. Integrated Capital Management Inc. now owns 25,572 shares of the investment management company’s stock valued at $412,000 after acquiring an additional 2,975 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 9.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 37,231 shares of the investment management company’s stock valued at $600,000 after acquiring an additional 3,199 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

BlackRock Taxable Municipal Bond Trust stock opened at $16.67 on Wednesday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.39 and a one year high of $18.42. The business has a fifty day moving average of $16.48 and a two-hundred day moving average of $16.86.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Friday, March 14th.

BlackRock Taxable Municipal Bond Trust Company 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.