Van ECK Associates Corp Raises Holdings in BlackRock Municipal Bond Trust (BBK)
Van ECK Associates Corp boosted its position in BlackRock Municipal Bond Trust (NYSE:BBK) by 42.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,891 shares of the financial services provider’s stock after buying an additional 7,690 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock Municipal Bond Trust were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Evergreen Capital Management LLC purchased a new stake in BlackRock Municipal Bond Trust in the second quarter worth approximately $197,000.
Shares of BlackRock Municipal Bond Trust (NYSE:BBK) opened at 15.54 on Friday. The firm has a 50-day moving average price of $15.95 and a 200 day moving average price of $15.45. BlackRock Municipal Bond Trust has a 52 week low of $14.50 and a 52 week high of $18.06.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.0635 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 14th.
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About BlackRock Municipal Bond Trust
BlackRock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from regular federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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