Belpointe Asset Management LLC Takes $53,000 Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Belpointe Asset Management LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,145 shares of the investment management company’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS Group AG lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.7% in the 1st quarter. UBS Group AG now owns 1,394,199 shares of the investment management company’s stock valued at $30,701,000 after purchasing an additional 74,920 shares in the last quarter. Eagle Bluffs Wealth Management LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.9% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 621,660 shares of the investment management company’s stock valued at $10,214,000 after buying an additional 28,765 shares during the period. LPL Financial LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.5% during the 4th quarter. LPL Financial LLC now owns 388,523 shares of the investment management company’s stock valued at $6,543,000 after buying an additional 13,183 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at about $5,894,000. Finally, Baird Financial Group Inc. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 7.5% during the 3rd quarter. Baird Financial Group Inc. now owns 147,025 shares of the investment management company’s stock valued at $2,416,000 after buying an additional 10,199 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Up 1.1 %

Shares of NYSE:BBN opened at $16.86 on Wednesday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.76 and a one year high of $20.34. The business’s 50-day simple moving average is $17.69 and its 200 day simple moving average is $17.69.

BlackRock Taxable Municipal Bond Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be issued a dividend of $0.103 per share. This is an increase from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.10. This represents a $1.24 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Friday, May 12th.

About BlackRock Taxable Municipal Bond Trust

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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.