BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Rating) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,664 shares of the investment management company’s stock after buying an additional 16,906 shares during the period. Raymond James & Associates’ holdings in BlackRock Taxable Municipal Bond Trust were worth $3,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 7.9% during the first quarter. D.A. Davidson & CO. now owns 13,697 shares of the investment management company’s stock worth $302,000 after purchasing an additional 1,000 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 3.1% during the fourth quarter. Private Advisor Group LLC now owns 34,272 shares of the investment management company’s stock worth $577,000 after purchasing an additional 1,040 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 9.8% during the first quarter. Cetera Investment Advisers now owns 12,930 shares of the investment management company’s stock worth $285,000 after purchasing an additional 1,154 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 1.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 64,616 shares of the investment management company’s stock worth $1,088,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 300.0% during the third quarter. Rockefeller Capital Management L.P. now owns 2,000 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,500 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Down 0.9 %

BBN opened at $16.56 on Friday. The firm’s fifty day moving average price is $17.66 and its 200 day moving average price is $17.67. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.76 and a 12-month high of $20.34.

BlackRock Taxable Municipal Bond Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be issued a $0.103 dividend. The ex-dividend date is Friday, May 12th. This is a boost from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.10. This represents a $1.24 annualized dividend and a yield of 7.46%.

BlackRock Taxable Municipal Bond Trust Profile

(Get Rating)

BlackRock Taxable Municipal Bond Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective of capital appreciation. The trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities known as Build America Bonds.