Broyhill Asset Management Purchases Shares of 173,208 BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Broyhill Asset Management acquired a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 173,208 shares of the investment management company’s stock, valued at approximately $2,792,000. BlackRock Taxable Municipal Bond Trust makes up 2.5% of Broyhill Asset Management’s holdings, making the stock its 15th largest position.

Other institutional investors also recently modified their holdings of the company. Sit Investment Associates Inc. increased its position in BlackRock Taxable Municipal Bond Trust by 34.1% in the 4th quarter. Sit Investment Associates Inc. now owns 4,373,635 shares of the investment management company’s stock valued at $70,503,000 after acquiring an additional 1,111,574 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $16,022,000. Eagle Bluffs Wealth Management LLC raised its position 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 worth $27,765,000 after purchasing an additional 318,049 shares during the last quarter. StoneX Group Inc. acquired a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter worth $3,153,000. Finally, Invesco Ltd. boosted its position in BlackRock Taxable Municipal Bond Trust by 31.5% in the 4th quarter. Invesco Ltd. now owns 761,686 shares of the investment management company’s stock valued at $12,278,000 after buying an additional 182,650 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4 %

Shares of BBN opened at $15.69 on Monday. The stock’s fifty day simple moving average is $16.53 and its 200-day simple moving average is $16.59. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.37 and a 12-month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a dividend yield of 7.11%. The ex-dividend date is Tuesday, April 15th.

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.