Eagle Bluffs Wealth Management LLC Raises Stake in BlackRock Taxable Municipal Bond Trust $BBN

Eagle Bluffs Wealth Management LLC grew its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,112,255 shares of the investment management company’s stock after purchasing an additional 52,430 shares during the quarter. BlackRock Taxable Municipal Bond Trust makes up approximately 14.0% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its largest holding. Eagle Bluffs Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $34,472,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BBN. Bank of America Corp DE raised its position in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the third quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock valued at $17,409,000 after purchasing an additional 387,300 shares during the period. Sit Investment Associates Inc. raised its position in shares of BlackRock Taxable Municipal Bond Trust by 5.9% in the fourth quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after purchasing an additional 372,131 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $3,736,000. Morgan Stanley raised its position in shares of BlackRock Taxable Municipal Bond Trust by 3.4% in the fourth quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock valued at $85,089,000 after purchasing an additional 169,391 shares during the period. Finally, Jane Street Group LLC raised its position in shares of BlackRock Taxable Municipal Bond Trust by 267.3% in the fourth quarter. Jane Street Group LLC now owns 152,064 shares of the investment management company’s stock valued at $2,482,000 after purchasing an additional 110,665 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN opened at $16.09 on Friday. The company’s 50-day moving average is $16.04 and its 200-day moving average is $16.34. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.47 and a fifty-two week 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, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0986 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

BlackRock Taxable Municipal Bond Trust 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.