Broyhill Asset Management Buys Shares of 173,208 BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Broyhill Asset Management bought a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the fourth quarter, HoldingsChannel.com reports. The firm bought 173,208 shares of the investment management company’s stock, valued at approximately $2,792,000. BlackRock Taxable Municipal Bond Trust makes up about 2.5% of Broyhill Asset Management’s portfolio, making the stock its 15th biggest position.

Several other institutional investors also recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at about $942,000. Virtu Financial LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at about $335,000. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at approximately $239,000. JPMorgan Chase & Co. bought a new stake in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $274,000. Finally, Integrated Capital Management Inc. raised its holdings in BlackRock Taxable Municipal Bond Trust by 13.2% during the 4th quarter. Integrated Capital Management Inc. now owns 25,572 shares of the investment management company’s stock worth $412,000 after buying an additional 2,975 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Down 0.4 %

Shares of BBN opened at $15.69 on Monday. The firm’s 50 day moving average price is $16.53 and its two-hundred day moving average price is $16.59. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.37 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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

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.