New England Private Wealth Advisors LLC Buys Shares of 32,566 BlackRock Taxable Municipal Bond Trust $BBN

New England Private Wealth Advisors LLC bought a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,566 shares of the investment management company’s stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its holdings in BlackRock Taxable Municipal Bond Trust by 5.9% in the 4th quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after purchasing an additional 372,131 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 8.4% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 2,059,825 shares of the investment management company’s stock valued at $34,193,000 after purchasing an additional 159,931 shares in the last quarter. Bank of America Corp DE lifted its holdings in BlackRock Taxable Municipal Bond Trust by 58.6% in the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock valued at $17,409,000 after purchasing an additional 387,300 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in BlackRock Taxable Municipal Bond Trust by 4.4% in the 3rd quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock valued at $15,586,000 after purchasing an additional 39,843 shares in the last quarter. Finally, UBS Group AG lifted its holdings in BlackRock Taxable Municipal Bond Trust by 0.6% in the 4th quarter. UBS Group AG now owns 812,297 shares of the investment management company’s stock valued at $13,257,000 after purchasing an additional 4,953 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE:BBN opened at $16.09 on Friday. The company’s 50-day moving average is $16.04 and its two-hundred day moving average is $16.34. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.47 and a 12-month high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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 paid a dividend of $0.0986 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis 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.