Oder Investment Management LLC Increases Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Oder Investment Management LLC raised its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,226 shares of the investment management company’s stock after acquiring an additional 659 shares during the quarter. Oder Investment Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BBN. National Bank of Canada FI lifted its position in BlackRock Taxable Municipal Bond Trust by 12.9% during the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 1,000 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.5% during 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 purchasing an additional 2,140 shares during the last quarter. M&T Bank Corp boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 0.4% in the 4th quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock worth $10,276,000 after purchasing an additional 2,433 shares in the last quarter. Integrated Capital Management Inc. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 13.2% in the 4th quarter. Integrated Capital Management Inc. now owns 25,572 shares of the investment management company’s stock worth $412,000 after buying an additional 2,975 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in BlackRock Taxable Municipal Bond Trust by 9.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,231 shares of the investment management company’s stock valued at $600,000 after buying an additional 3,199 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4 %

BBN opened at $15.69 on Friday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.37 and a 1 year high of $18.42. The stock has a 50-day moving average price of $16.53 and a 200-day moving average price of $16.60.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.0929 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.11 annualized dividend and a yield of 7.11%.

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.