MML Investors Services LLC raised its holdings in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 10.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,254 shares of the investment management company’s stock after purchasing an additional 975 shares during the period. MML Investors Services LLC’s holdings in Blackrock Taxable Municipal Bond Trust were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hollencrest Securities LLC grew its position in shares of Blackrock Taxable Municipal Bond Trust by 0.5% in the second quarter. Hollencrest Securities LLC now owns 27,231 shares of the investment management company’s stock valued at $624,000 after purchasing an additional 140 shares during the last quarter. Schnieders Capital Management LLC increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 12.4% during the 2nd quarter. Schnieders Capital Management LLC now owns 15,850 shares of the investment management company’s stock worth $363,000 after purchasing an additional 1,750 shares in the last quarter. Good Life Advisors LLC increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 3.2% during the 2nd quarter. Good Life Advisors LLC now owns 15,455 shares of the investment management company’s stock worth $354,000 after purchasing an additional 480 shares in the last quarter. Access Financial Services Inc. increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 5.1% during the 2nd quarter. Access Financial Services Inc. now owns 76,942 shares of the investment management company’s stock worth $1,763,000 after purchasing an additional 3,701 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Blackrock Taxable Municipal Bond Trust during the 1st quarter worth approximately $7,588,000.

Blackrock Taxable Municipal Bond Trust (NYSE:BBN) opened at 23.46 on Wednesday. The stock’s 50 day moving average is $23.64 and its 200-day moving average is $23.06. Blackrock Taxable Municipal Bond Trust has a 52 week low of $19.50 and a 52 week high of $23.96.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.1318 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.58 annualized dividend and a dividend yield of 6.74%.

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Blackrock Taxable Municipal Bond Trust Company Profile

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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