BlackRock Taxable Municipal Bond Trust $BBN Position Raised by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 5.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,694,566 shares of the investment management company’s stock after buying an additional 372,131 shares during the period. BlackRock Taxable Municipal Bond Trust makes up approximately 2.1% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 6th biggest position. Sit Investment Associates Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $109,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BBN. J.W. Cole Advisors Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $3,736,000. Intellectus Partners LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.0% during the fourth quarter. Intellectus Partners LLC now owns 177,847 shares of the investment management company’s stock worth $2,902,000 after purchasing an additional 3,570 shares in the last quarter. Delta Financial Advisors LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 4.6% in the fourth quarter. Delta Financial Advisors LLC now owns 16,980 shares of the investment management company’s stock worth $277,000 after purchasing an additional 750 shares during the last quarter. HighTower Advisors LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 17.7% in the fourth quarter. HighTower Advisors LLC now owns 179,747 shares of the investment management company’s stock worth $2,933,000 after purchasing an additional 27,065 shares during the last quarter. Finally, Rinkey Investments purchased a new stake in BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at approximately $336,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.3%

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $16.04 on Friday. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.47 and a 1 year high of $17.45. The company has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $16.34.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0986 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.