Apexium Financial LP Makes New $1.21 Million Investment in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Apexium Financial LP purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 75,015 shares of the investment management company’s stock, valued at approximately $1,209,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the third quarter worth $239,000. Park Avenue Securities LLC boosted its holdings in 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 acquiring an additional 8,269 shares during the period. Jane Street Group LLC bought a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $942,000. HighTower Advisors LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 330.6% in the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after purchasing an additional 334,362 shares during the period. Finally, D.A. Davidson & CO. lifted its position in BlackRock Taxable Municipal Bond Trust by 58.4% in the third quarter. D.A. Davidson & CO. now owns 28,879 shares of the investment management company’s stock valued at $515,000 after purchasing an additional 10,642 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE:BBN opened at $16.31 on Monday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.39 and a fifty-two week high of $18.42. The business has a 50 day moving average price of $16.40 and a 200-day moving average price of $16.95.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Wednesday, January 15th.

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.