BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Purchased by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC boosted its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 16.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,000 shares of the investment management company’s stock after purchasing an additional 2,500 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter valued at $12,641,000. Eagle Bluffs Wealth Management LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 37.5% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 1,208,855 shares of the investment management company’s stock valued at $18,326,000 after purchasing an additional 329,630 shares during the period. Invesco Ltd. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 38.8% during the third quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock valued at $10,540,000 after purchasing an additional 194,389 shares during the period. Penserra Capital Management LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter valued at $1,571,000. Finally, Raymond James & Associates increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 37.6% during the fourth quarter. Raymond James & Associates now owns 294,999 shares of the investment management company’s stock valued at $4,797,000 after purchasing an additional 80,660 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN opened at $15.58 on Thursday. BlackRock Taxable Municipal Bond Trust has a one year low of $14.33 and a one year high of $18.07. The stock’s fifty day moving average is $16.13 and its 200-day moving average is $16.06.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th were issued a dividend of $0.093 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend was Friday, April 12th.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.