UBS Group AG Boosts Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

UBS Group AG increased its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Rating) by 19.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,672,086 shares of the investment management company’s stock after buying an additional 277,887 shares during the quarter. UBS Group AG’s holdings in BlackRock Taxable Municipal Bond Trust were worth $32,037,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BBN. Steward Partners Investment Advisory LLC grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 435.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 16,707 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 13,587 shares during the period. Focused Wealth Management Inc raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 832.3% during the 2nd quarter. Focused Wealth Management Inc now owns 505,986 shares of the investment management company’s stock worth $9,695,000 after acquiring an additional 451,714 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 541.9% during the 2nd quarter. Tortoise Investment Management LLC now owns 4,275 shares of the investment management company’s stock worth $82,000 after acquiring an additional 3,609 shares in the last quarter. Sit Investment Associates Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $473,000. Finally, Fiera Capital Corp raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 34.2% during the 1st quarter. Fiera Capital Corp now owns 87,662 shares of the investment management company’s stock worth $1,930,000 after acquiring an additional 22,335 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Down 0.2 %

Shares of BBN opened at $18.00 on Thursday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.76 and a 1 year high of $26.40. The business’s 50 day simple moving average is $16.90 and its 200-day simple moving average is $18.40.

BlackRock Taxable Municipal Bond Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.123 per share. This represents a $1.48 annualized dividend and a yield of 8.20%. The ex-dividend date is Monday, November 14th. This is a positive change from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.12.

BlackRock Taxable Municipal Bond Trust Company Profile

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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.

Further Reading

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

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