Caitlin John LLC Buys 7,806 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Caitlin John LLC lifted its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 25.5% during the fourth quarter, Holdings Channel reports. The fund owned 38,433 shares of the investment management company’s stock after acquiring an additional 7,806 shares during the quarter. Caitlin John LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $620,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BBN. HighTower Advisors LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 330.6% during the third quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock valued at $7,757,000 after purchasing an additional 334,362 shares during the last quarter. Eagle Bluffs Wealth Management LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 22.6% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock valued at $27,765,000 after buying an additional 318,049 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth $2,280,000. Benjamin Edwards Inc. acquired a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth $1,777,000. Finally, Primoris Wealth Advisors LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth $1,693,000.

BlackRock Taxable Municipal Bond Trust Stock Up 1.8 %

Shares of NYSE:BBN opened at $16.78 on Thursday. The stock’s 50-day moving average is $16.42 and its 200-day moving average is $16.94. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.0929 dividend. This represents a $1.11 annualized dividend and a yield of 6.64%. The ex-dividend date is Friday, February 14th.

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.