Gridiron Partners LLC Increases Position in BlackRock Taxable Municipal Bond Trust $BBN

Gridiron Partners LLC increased its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 20,210.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,200,851 shares of the investment management company’s stock after buying an additional 6,170,320 shares during the period. Gridiron Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BBN. Royal Bank of Canada lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 13.1% in the first quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after acquiring an additional 64,953 shares in the last quarter. Focused Wealth Management Inc raised its stake in BlackRock Taxable Municipal Bond Trust by 8.3% during the 3rd quarter. Focused Wealth Management Inc now owns 717,764 shares of the investment management company’s stock valued at $11,915,000 after purchasing an additional 54,797 shares during the period. Eagle Bluffs Wealth Management LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 2.8% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 1,899,894 shares of the investment management company’s stock worth $30,607,000 after purchasing an additional 52,203 shares in the last quarter. Corient Private Wealth LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth approximately $786,000. Finally, Raymond James Financial Inc. grew its holdings in BlackRock Taxable Municipal Bond Trust by 5.7% during the 2nd quarter. Raymond James Financial Inc. now owns 899,059 shares of the investment management company’s stock valued at $14,484,000 after buying an additional 48,679 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN stock opened at $16.63 on Tuesday. The company’s fifty day moving average price is $17.00 and its 200-day moving average price is $16.48. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, December 22nd.

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.