Creative Planning increased its stake in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 55.2% during the second quarter, Holdings Channel reports. The fund owned 5,290 shares of the investment management company’s stock after buying an additional 1,882 shares during the period. Creative Planning’s holdings in Blackrock Taxable Municipal Bond Trust were worth $121,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its stake in Blackrock Taxable Municipal Bond Trust by 2.6% in the fourth quarter. Guggenheim Capital LLC now owns 35,110 shares of the investment management company’s stock valued at $758,000 after buying an additional 881 shares during the last quarter. IFC Holdings Incorporated FL increased its position in shares of Blackrock Taxable Municipal Bond Trust by 2.0% in the first quarter. IFC Holdings Incorporated FL now owns 31,313 shares of the investment management company’s stock worth $700,000 after buying an additional 602 shares during the period. Access Financial Services Inc. increased its position in shares of Blackrock Taxable Municipal Bond Trust by 26.2% in the first quarter. Access Financial Services Inc. now owns 73,241 shares of the investment management company’s stock worth $1,640,000 after buying an additional 15,184 shares during the period. Wells Fargo & Company MN increased its position in shares of Blackrock Taxable Municipal Bond Trust by 16.8% in the first quarter. Wells Fargo & Company MN now owns 432,085 shares of the investment management company’s stock worth $9,674,000 after buying an additional 62,204 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Blackrock Taxable Municipal Bond Trust during the first quarter worth $1,366,000.

Shares of Blackrock Taxable Municipal Bond Trust (NYSE BBN) traded down 0.30% during trading on Tuesday, reaching $23.18. The company’s stock had a trading volume of 45,801 shares. Blackrock Taxable Municipal Bond Trust has a 12 month low of $19.50 and a 12 month high of $25.09. The stock’s 50 day moving average price is $23.19 and its 200-day moving average price is $22.69.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, August 11th. This represents a $1.58 dividend on an annualized basis and a yield of 6.80%.

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About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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