BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Holdings Increased by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 34.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,373,635 shares of the investment management company’s stock after acquiring an additional 1,111,574 shares during the quarter. BlackRock Taxable Municipal Bond Trust accounts for 1.6% of Sit Investment Associates Inc.’s holdings, making the stock its 8th largest position. Sit Investment Associates Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $70,503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 446.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,506 shares of the investment management company’s stock valued at $427,000 after purchasing an additional 21,654 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth about $239,000. Allspring Global Investments Holdings LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 11.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 37,641 shares of the investment management company’s stock worth $607,000 after acquiring an additional 3,941 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of 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. Finally, Jane Street Group LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $942,000.

BlackRock Taxable Municipal Bond Trust Trading Down 2.5 %

Shares of BBN stock opened at $16.30 on Friday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42. The business’s 50 day moving average is $16.62 and its two-hundred day moving average is $16.71.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.84%.

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.