Oder Investment Management LLC Grows Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Oder Investment Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,226 shares of the investment management company’s stock after purchasing an additional 659 shares during the quarter. Oder Investment Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $874,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BBN. Sit Investment Associates Inc. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 34.1% during the 4th quarter. Sit Investment Associates Inc. now owns 4,373,635 shares of the investment management company’s stock valued at $70,503,000 after purchasing an additional 1,111,574 shares during the period. Raymond James Financial Inc. bought a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $16,022,000. Eagle Bluffs Wealth Management LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 22.6% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock valued at $27,765,000 after buying an additional 318,049 shares during the last quarter. StoneX Group Inc. bought a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter worth approximately $3,153,000. Finally, Invesco Ltd. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 31.5% during the 4th quarter. Invesco Ltd. now owns 761,686 shares of the investment management company’s stock worth $12,278,000 after acquiring an additional 182,650 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE:BBN opened at $15.69 on Friday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $18.42. The business has a fifty day moving average price of $16.53 and a 200-day moving average price of $16.60.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Tuesday, April 15th.

BlackRock Taxable Municipal Bond Trust Company 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.