Yellowstone Partners LLC acquired a new stake in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,047 shares of the investment management company’s stock, valued at approximately $282,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in Blackrock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $204,000. SG Americas Securities LLC purchased a new position in Blackrock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $634,000. Allegis Investment Advisors LLC grew its stake in Blackrock Taxable Municipal Bond Trust by 9.8% during the 2nd quarter. Allegis Investment Advisors LLC now owns 19,488 shares of the investment management company’s stock worth $446,000 after buying an additional 1,734 shares during the last quarter. Strategic Financial Group LLC purchased a new position in Blackrock Taxable Municipal Bond Trust during the 2nd quarter worth approximately $218,000. Finally, Good Life Advisors LLC grew its stake in Blackrock Taxable Municipal Bond Trust by 3.2% during the 2nd quarter. Good Life Advisors LLC now owns 15,455 shares of the investment management company’s stock worth $354,000 after buying an additional 480 shares during the last quarter.

Blackrock Taxable Municipal Bond Trust (BBN) opened at $23.15 on Thursday. Blackrock Taxable Municipal Bond Trust has a 12 month low of $21.06 and a 12 month high of $23.96.

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, December 12th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.58 dividend on an annualized basis and a yield of 6.83%.

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Blackrock Taxable Municipal Bond Trust Profile

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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