BlackRock Taxable Municipal Bond Trust $BBN is Eagle Bluffs Wealth Management LLC’s Largest Position

Eagle Bluffs Wealth Management LLC lifted its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,202,048 shares of the investment management company’s stock after purchasing an additional 89,793 shares during the quarter. BlackRock Taxable Municipal Bond Trust comprises about 13.9% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its biggest position. Eagle Bluffs Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $35,607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BBN. Garton & Associates Financial Advisors LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter worth about $36,000. Farther Finance Advisors LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 99.2% in the 4th quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock worth $102,000 after acquiring an additional 3,126 shares in the last quarter. Commons Capital LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter worth approximately $165,000. Arete Wealth Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter valued at $183,000. Finally, Millennium Management LLC purchased a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at about $212,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE:BBN opened at $16.09 on Thursday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.47 and a 52 week high of $17.45. The firm has a 50 day moving average of $16.00 and a 200 day moving average of $16.22.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0986 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

BlackRock Taxable Municipal Bond Trust Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.