Rareview Capital LLC Buys Shares of 76,836 BlackRock Taxable Municipal Bond Trust $BBN

Rareview Capital LLC bought a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,836 shares of the investment management company’s stock, valued at approximately $1,238,000.

A number of other hedge funds also recently modified their holdings of BBN. Sit Investment Associates Inc. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.9% during 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 buying an additional 372,131 shares in the last quarter. Morgan Stanley lifted its stake in BlackRock Taxable Municipal Bond Trust by 3.4% in the 4th quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock worth $85,089,000 after acquiring an additional 169,391 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in BlackRock Taxable Municipal Bond Trust by 4.3% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after acquiring an additional 89,793 shares during the period. Bank of America Corp DE boosted its position in BlackRock Taxable Municipal Bond Trust by 58.6% during the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock worth $17,409,000 after acquiring an additional 387,300 shares during the period. Finally, Raymond James Financial Inc. boosted its position in BlackRock Taxable Municipal Bond Trust by 4.4% during the 3rd quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock worth $15,586,000 after acquiring an additional 39,843 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 0.1%

NYSE:BBN opened at $16.04 on Friday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.47 and a fifty-two week high of $17.45. The stock’s 50-day moving average is $15.99 and its two-hundred day moving average is $16.21.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 15th.

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.