Focused Wealth Management Inc Buys 35,989 Shares of BlackRock Taxable Municipal Bond Trust $BBN

Focused Wealth Management Inc increased its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 812,411 shares of the investment management company’s stock after acquiring an additional 35,989 shares during the quarter. BlackRock Taxable Municipal Bond Trust makes up 1.4% of Focused Wealth Management Inc’s investment portfolio, making the stock its 17th largest position. Focused Wealth Management Inc’s holdings in BlackRock Taxable Municipal Bond Trust were worth $13,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BBN. Garton & Associates Financial Advisors LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $36,000. Farther Finance Advisors LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 99.2% during the fourth quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 3,126 shares during the period. Commons Capital LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $165,000. Arete Wealth Advisors LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth approximately $183,000. Finally, Millennium Management LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter worth approximately $212,000.

BlackRock Taxable Municipal Bond Trust Stock Down 0.2%

Shares of NYSE BBN opened at $15.92 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.47 and a 52 week high of $17.45. The firm’s fifty day moving average is $16.01 and its 200 day moving average is $16.27.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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

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.