Focused Wealth Management Inc Boosts Holdings in BlackRock Taxable Municipal Bond Trust $BBN

Focused Wealth Management Inc raised its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 812,411 shares of the investment management company’s stock after purchasing an additional 35,989 shares during the period. BlackRock Taxable Municipal Bond Trust accounts for 1.4% of Focused Wealth Management Inc’s investment portfolio, making the stock its 17th biggest position. Focused Wealth Management Inc’s holdings in BlackRock Taxable Municipal Bond Trust were worth $13,137,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Seven Mile Advisory purchased a new position in BlackRock Taxable Municipal Bond Trust during the third quarter worth about $574,000. Westview Management dba Westview Investment Advisors purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $716,000. Eagle Bluffs Wealth Management LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.5% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 2,112,255 shares of the investment management company’s stock valued at $34,472,000 after acquiring an additional 52,430 shares in the last quarter. 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. Finally, Sit Investment Associates Inc. boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 5.9% during 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 acquiring an additional 372,131 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE BBN opened at $15.92 on Wednesday. The business has a 50-day moving average of $16.01 and a 200-day moving average of $16.27. 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 announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 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.