46,261 Shares in BlackRock Taxable Municipal Bond Trust $BBN Bought by Corient Private Wealth LLC

Corient Private Wealth LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the second quarter, according to its most recent filing with the SEC. The fund purchased 46,261 shares of the investment management company’s stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BBN. Royal Bank of Canada boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 13.1% during the 1st quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after acquiring an additional 64,953 shares during the last quarter. 1607 Capital Partners LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 5.4% during the first quarter. 1607 Capital Partners LLC now owns 151,900 shares of the investment management company’s stock worth $2,534,000 after acquiring an additional 7,800 shares during the last quarter. Focused Wealth Management Inc raised its position in BlackRock Taxable Municipal Bond Trust by 5.2% during the second quarter. Focused Wealth Management Inc now owns 662,967 shares of the investment management company’s stock valued at $10,680,000 after purchasing an additional 32,941 shares during the period. Riverbridge Partners LLC raised its position in BlackRock Taxable Municipal Bond Trust by 2.6% during the second quarter. Riverbridge Partners LLC now owns 50,194 shares of the investment management company’s stock valued at $809,000 after purchasing an additional 1,252 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.8% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 1,899,894 shares of the investment management company’s stock valued at $30,607,000 after purchasing an additional 52,203 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE BBN opened at $16.41 on Friday. The business’s 50 day moving average price is $17.00 and its 200-day moving average price is $16.50. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.37 and a fifty-two week high of $17.45.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.0986 dividend. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, December 22nd.

About BlackRock Taxable Municipal Bond Trust

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.