BlackRock Taxable Municipal Bond Trust $BBN Stake Boosted by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC increased its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,202,048 shares of the investment management company’s stock after buying an additional 89,793 shares during the quarter. BlackRock Taxable Municipal Bond Trust accounts for approximately 13.9% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its biggest holding. Eagle Bluffs Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $35,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its holdings in BlackRock Taxable Municipal Bond Trust by 3.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,891 shares of the investment management company’s stock worth $357,000 after purchasing an additional 674 shares in the last quarter. Delta Financial Advisors LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 4.6% in the 4th 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 in the last quarter. Comprehensive Money Management Services LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 6.3% in the first quarter. Comprehensive Money Management Services LLC now owns 21,095 shares of the investment management company’s stock worth $341,000 after buying an additional 1,250 shares in the last quarter. Benjamin Edwards Inc. lifted its position in BlackRock Taxable Municipal Bond Trust by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 118,902 shares of the investment management company’s stock valued at $1,940,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 12.1% during the third quarter. Advisory Services Network LLC now owns 13,000 shares of the investment management company’s stock valued at $216,000 after buying an additional 1,400 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Down 0.5%

Shares of BBN stock opened at $16.09 on Thursday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.47 and a 52 week high of $17.45. The company has a 50 day moving average price of $16.00 and a 200-day moving average price of $16.22.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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

BlackRock Taxable Municipal Bond Trust 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.