NINE MASTS CAPITAL Ltd Buys 166,989 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

NINE MASTS CAPITAL Ltd lifted its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 324.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 218,463 shares of the investment management company’s stock after buying an additional 166,989 shares during the quarter. BlackRock Taxable Municipal Bond Trust comprises 0.6% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 14th biggest holding. NINE MASTS CAPITAL Ltd’s holdings in BlackRock Taxable Municipal Bond Trust were worth $3,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BBN. Creative Planning raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 59.6% in the third quarter. Creative Planning now owns 18,541 shares of the investment management company’s stock worth $330,000 after buying an additional 6,925 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 22.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,737 shares of the investment management company’s stock worth $298,000 after buying an additional 3,102 shares during the period. Farther Finance Advisors LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% in the third quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock worth $1,086,000 after buying an additional 2,513 shares during the period. Focused Wealth Management Inc raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.3% in the third quarter. Focused Wealth Management Inc now owns 578,650 shares of the investment management company’s stock worth $10,312,000 after buying an additional 13,076 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 7.2% in the third quarter. Fiera Capital Corp now owns 129,569 shares of the investment management company’s stock worth $2,309,000 after buying an additional 8,695 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 0.5 %

NYSE BBN opened at $16.94 on Monday. The stock’s 50-day moving average price is $16.37 and its 200-day moving average price is $16.90. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a yield of 6.58%. The ex-dividend date was Friday, February 14th.

About BlackRock Taxable Municipal Bond Trust

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.