BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,243 shares of the investment management company’s stock after purchasing an additional 9,052 shares during the period. Riverbridge Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BBN. HighTower Advisors LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 330.6% during the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock valued at $7,757,000 after buying an additional 334,362 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in BlackRock Taxable Municipal Bond Trust by 50.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock valued at $12,463,000 after acquiring an additional 255,824 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during 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 bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth about $1,693,000.

BlackRock Taxable Municipal Bond Trust Stock Down 0.6 %

Shares of BBN stock opened at $16.22 on Friday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.39 and a one year high of $18.42. The company’s 50-day simple moving average is $16.40 and its 200-day simple moving average is $16.94.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Wednesday, January 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.