LPL Financial LLC Purchases 110,179 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

LPL Financial LLC raised its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 28.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,702 shares of the investment management company’s stock after acquiring an additional 110,179 shares during the period. LPL Financial LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $8,937,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Carmel Capital Partners LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the first quarter valued at about $26,000. Global Retirement Partners LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the first quarter valued at about $36,000. Belpointe Asset Management LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at about $53,000. GPS Wealth Strategies Group LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the first quarter valued at about $95,000. Finally, JNBA Financial Advisors bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the first quarter valued at about $139,000.

BlackRock Taxable Municipal Bond Trust Trading Down 0.3 %

NYSE BBN opened at $15.76 on Tuesday. The firm has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $17.00. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.55 and a twelve month high of $19.38.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend is Monday, August 14th.

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.