BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Acquired by Intellectus Partners LLC

Intellectus Partners LLC lifted its position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 27.0% during the fourth quarter, Holdings Channel reports. The firm owned 165,209 shares of the investment management company’s stock after acquiring an additional 35,162 shares during the quarter. BlackRock Taxable Municipal Bond Trust makes up about 0.8% of Intellectus Partners LLC’s portfolio, making the stock its 28th largest holding. Intellectus Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Bluffs Wealth Management LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 3.7% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,253,593 shares of the investment management company’s stock worth $20,383,000 after purchasing an additional 44,738 shares in the last quarter. M&T Bank Corp purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter worth about $12,641,000. Invesco Ltd. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 38.8% during the third quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock worth $10,540,000 after buying an additional 194,389 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 9.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 608,147 shares of the investment management company’s stock worth $9,220,000 after buying an additional 50,622 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.5% during the third quarter. LPL Financial LLC now owns 527,857 shares of the investment management company’s stock worth $8,002,000 after buying an additional 12,812 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE BBN traded up $0.03 during midday trading on Friday, reaching $15.50. 109,157 shares of the company were exchanged, compared to its average volume of 216,727. BlackRock Taxable Municipal Bond Trust has a 1 year low of $14.33 and a 1 year high of $18.10. The stock has a fifty day simple moving average of $16.17 and a 200 day simple moving average of $16.05.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.093 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Taxable Municipal Bond Trust 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.