D.A. Davidson & CO. Grows Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

D.A. Davidson & CO. grew its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 58.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,879 shares of the investment management company’s stock after acquiring an additional 10,642 shares during the quarter. D.A. Davidson & CO.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $515,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BBN. Brookstone Capital Management purchased a new position in BlackRock Taxable Municipal Bond Trust in the second quarter worth about $348,000. Wolverine Asset Management LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 678.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 30,369 shares of the investment management company’s stock worth $497,000 after acquiring an additional 26,469 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in BlackRock Taxable Municipal Bond Trust by 50.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock worth $12,463,000 after acquiring an additional 255,824 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in BlackRock Taxable Municipal Bond Trust by 2.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock valued at $902,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $230,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

BBN stock opened at $17.10 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.39 and a 1-year high of $18.42. The business has a fifty day moving average price of $16.93 and a 200-day moving average price of $16.86.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.0929 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.11 annualized dividend and a yield of 6.52%.

BlackRock Taxable Municipal Bond Trust Profile

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.