Gridiron Partners LLC Has $531,000 Stake in BlackRock Taxable Municipal Bond Trust $BBN

Gridiron Partners LLC reduced its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 99.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,531 shares of the investment management company’s stock after selling 6,168,320 shares during the period. Gridiron Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BBN. Allworth Financial LP lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% during the 2nd quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock valued at $69,000 after acquiring an additional 4,000 shares during the period. Atlantic Union Bankshares Corp acquired a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at about $148,000. Steward Partners Investment Advisory LLC lifted its position in BlackRock Taxable Municipal Bond Trust by 316.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock worth $164,000 after purchasing an additional 7,733 shares during the period. WealthTrust Axiom LLC bought a new stake in BlackRock Taxable Municipal Bond Trust during the second quarter worth about $165,000. Finally, Commons Capital LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter worth about $165,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE:BBN opened at $15.83 on Friday. The firm has a 50 day moving average of $16.37 and a 200-day moving average of $16.63. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.37 and a 12 month high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0986 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.5%.

BlackRock Taxable Municipal Bond Trust Profile

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.