Stifel Financial Corp trimmed its holdings in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 6.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,995 shares of the investment management company’s stock after selling 12,409 shares during the quarter. Stifel Financial Corp owned 0.34% of Blackrock Taxable Municipal Bond Trust worth $4,503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sigma Planning Corp bought a new position in shares of Blackrock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $469,000. Commonwealth Equity Services Inc grew its stake in shares of Blackrock Taxable Municipal Bond Trust by 23.0% during the 3rd quarter. Commonwealth Equity Services Inc now owns 76,782 shares of the investment management company’s stock worth $1,794,000 after acquiring an additional 14,382 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Blackrock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $281,000. FinTrust Investment Advisory Services LLC bought a new position in shares of Blackrock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $353,000. Finally, Good Life Advisors LLC grew 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 acquiring an additional 480 shares in the last quarter.

Blackrock Taxable Municipal Bond Trust (BBN) opened at $23.27 on Friday. Blackrock Taxable Municipal Bond Trust has a 52 week low of $21.18 and a 52 week high of $23.96.

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, December 12th will be paid a $0.1318 dividend. The ex-dividend date is Monday, December 11th. This represents a $1.58 annualized dividend and a dividend yield of 6.80%.

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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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