Kestra Private Wealth Services LLC Has $693,000 Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Kestra Private Wealth Services LLC lifted its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,630 shares of the investment management company’s stock after purchasing an additional 1,669 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBN. SFI Advisors LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 19.0% in the 3rd quarter. SFI Advisors LLC now owns 14,569 shares of the investment management company’s stock valued at $221,000 after buying an additional 2,322 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at about $295,000. Wolverine Asset Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 61.0% in the third quarter. Wolverine Asset Management LLC now owns 35,366 shares of the investment management company’s stock valued at $536,000 after acquiring an additional 13,404 shares during the period. J.W. Cole Advisors Inc. raised its position in BlackRock Taxable Municipal Bond Trust by 25.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 49,218 shares of the investment management company’s stock worth $800,000 after purchasing an additional 10,011 shares in the last quarter. Finally, High Net Worth Advisory Group LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 1.8% during the fourth quarter. High Net Worth Advisory Group LLC now owns 56,921 shares of the investment management company’s stock worth $926,000 after purchasing an additional 986 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN opened at $15.75 on Monday. The stock has a 50 day simple moving average of $16.10 and a 200-day simple moving average of $16.07. BlackRock Taxable Municipal Bond Trust has a 1 year low of $14.33 and a 1 year high of $18.07.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.093 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.09%.

BlackRock Taxable Municipal Bond Trust Company Profile

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.