J.W. Cole Advisors Inc. Invests $3.74 Million in BlackRock Taxable Municipal Bond Trust $BBN

J.W. Cole Advisors Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 228,924 shares of the investment management company’s stock, valued at approximately $3,736,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Intellectus Partners LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.0% during the 4th quarter. Intellectus Partners LLC now owns 177,847 shares of the investment management company’s stock valued at $2,902,000 after purchasing an additional 3,570 shares during the last quarter. Delta Financial Advisors LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.6% during the 4th quarter. Delta Financial Advisors LLC now owns 16,980 shares of the investment management company’s stock valued at $277,000 after purchasing an additional 750 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 17.7% during the 4th quarter. HighTower Advisors LLC now owns 179,747 shares of the investment management company’s stock valued at $2,933,000 after purchasing an additional 27,065 shares during the last quarter. Rinkey Investments bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $336,000. Finally, Koshinski Asset Management Inc. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 49.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,717 shares of the investment management company’s stock valued at $403,000 after purchasing an additional 8,126 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4%

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $15.93 on Friday. The firm’s 50 day moving average is $16.03 and its 200 day moving average is $16.38. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.47 and a 1 year high of $17.45.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.