Virtu Financial LLC Makes New Investment in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Virtu Financial LLC bought a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the fourth quarter, HoldingsChannel reports. The fund bought 18,369 shares of the investment management company’s stock, valued at approximately $299,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bluffs Wealth Management LLC boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.7% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,253,593 shares of the investment management company’s stock valued at $20,383,000 after acquiring an additional 44,738 shares during the period. UBS Group AG grew its position in BlackRock Taxable Municipal Bond Trust by 7.2% in the 4th quarter. UBS Group AG now owns 1,033,198 shares of the investment management company’s stock valued at $16,800,000 after buying an additional 69,403 shares during the last quarter. M&T Bank Corp increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 1.7% during the fourth quarter. M&T Bank Corp now owns 847,874 shares of the investment management company’s stock worth $13,786,000 after acquiring an additional 14,014 shares during the period. Invesco Ltd. increased its position in BlackRock Taxable Municipal Bond Trust by 38.8% during the 3rd quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock worth $10,540,000 after purchasing an additional 194,389 shares during the period. Finally, LPL Financial LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 2.5% during the third quarter. LPL Financial LLC now owns 527,857 shares of the investment management company’s stock worth $8,002,000 after acquiring an additional 12,812 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Down 0.2 %

Shares of NYSE BBN opened at $16.17 on Friday. The firm has a 50-day moving average price of $15.78 and a 200 day moving average price of $16.20. BlackRock Taxable Municipal Bond Trust has a 52 week low of $14.33 and a 52 week high of $17.13.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.093 per share. The ex-dividend date is Friday, June 14th. This represents a $1.12 annualized dividend and a yield of 6.90%.

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.