Patten Group Inc. Acquires Shares of 15,349 BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Patten Group Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,349 shares of the investment management company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBN. Creative Planning lifted its position in BlackRock Taxable Municipal Bond Trust by 59.6% in the third quarter. Creative Planning now owns 18,541 shares of the investment management company’s stock valued at $330,000 after purchasing an additional 6,925 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 22.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,737 shares of the investment management company’s stock valued at $298,000 after buying an additional 3,102 shares during the period. Farther Finance Advisors LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the third quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock valued at $1,086,000 after buying an additional 2,513 shares during the period. Focused Wealth Management Inc increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.3% during the third quarter. Focused Wealth Management Inc now owns 578,650 shares of the investment management company’s stock valued at $10,312,000 after buying an additional 13,076 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 7.2% during the third quarter. Fiera Capital Corp now owns 129,569 shares of the investment management company’s stock valued at $2,309,000 after buying an additional 8,695 shares during the period.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN opened at $16.78 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42. The stock’s 50 day moving average price is $16.39 and its 200-day moving average price is $16.90.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0929 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.11 annualized dividend and a dividend yield of 6.64%.

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.