SeaCrest Wealth Management LLC Purchases New Shares in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

SeaCrest Wealth Management LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Rating) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,318 shares of the investment management company’s stock, valued at approximately $44,000.

Several other large investors have also added to or reduced their stakes in the stock. First Personal Financial Services bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $26,000. American Research & Management Co. bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $27,000. CWM LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 424.7% during the 2nd quarter. CWM LLC now owns 2,230 shares of the investment management company’s stock valued at $43,000 after buying an additional 1,805 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 1st quarter valued at $55,000. Finally, Hallmark Capital Management Inc. bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $58,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN stock opened at $17.40 on Monday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.76 and a 12 month high of $26.40. The company’s fifty day moving average price is $16.91 and its 200-day moving average price is $18.43.

BlackRock Taxable Municipal Bond Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a $0.123 dividend. This is a boost from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.48 dividend on an annualized basis and a yield of 8.48%.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

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