Raymond James Financial Inc. Acquires New Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Raymond James Financial Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 993,912 shares of the investment management company’s stock, valued at approximately $16,022,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BBN. Larson Financial Group LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 246.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after buying an additional 1,480 shares during the period. D.A. Davidson & CO. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 58.4% in the 3rd quarter. D.A. Davidson & CO. now owns 28,879 shares of the investment management company’s stock valued at $515,000 after buying an additional 10,642 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at $1,777,000. HighTower Advisors LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 330.6% in 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 period. Finally, Kovitz Investment Group Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth $2,280,000.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN opened at $16.55 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.39 and a 12 month high of $18.42. The business has a fifty day moving average price of $16.52 and a 200 day moving average price of $16.82.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.0929 per share. The ex-dividend date is Friday, March 14th. This represents a $1.11 annualized dividend and a yield of 6.74%.

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.