Riverbridge Partners LLC Has $1.90 Million Stock Position in BlackRock Taxable Municipal Bond Trust $BBN

Riverbridge Partners LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 107.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,511 shares of the investment management company’s stock after purchasing an additional 60,739 shares during the period. Riverbridge Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,900,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock valued at $17,409,000 after purchasing an additional 387,300 shares during the last quarter. Sit Investment Associates Inc. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.9% during the 4th quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock worth $109,255,000 after buying an additional 372,131 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth $3,736,000. Focus Partners Wealth bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth $2,899,000. Finally, Morgan Stanley boosted its stake in BlackRock Taxable Municipal Bond Trust by 3.4% in the fourth quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock valued at $85,089,000 after buying an additional 169,391 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.9%

NYSE:BBN opened at $16.06 on Thursday. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.47 and a twelve month high of $17.45. The stock’s 50-day simple moving average is $16.01 and its 200 day simple moving average is $16.26.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0986 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.