WealthTrust Axiom LLC Takes $165,000 Position in BlackRock Taxable Municipal Bond Trust $BBN

WealthTrust Axiom LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,259 shares of the investment management company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BBN. Trust Co. of Toledo NA OH bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth approximately $52,000. Allworth Financial LP raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% in the second quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 4,000 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in BlackRock Taxable Municipal Bond Trust by 316.4% in 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. Wolverine Asset Management LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the second quarter worth $219,000. Finally, Avantax Advisory Services Inc. boosted its stake in BlackRock Taxable Municipal Bond Trust by 30.2% during the first quarter. Avantax Advisory Services Inc. now owns 17,480 shares of the investment management company’s stock worth $292,000 after buying an additional 4,050 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $17.33 on Friday. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.37 and a 52-week high of $17.45. The company’s fifty day moving average price is $16.82 and its two-hundred day moving average price is $16.31.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.0986 per share. The ex-dividend date was Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

About BlackRock Taxable Municipal Bond Trust

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.