Eagle Bluffs Wealth Management LLC Grows Position in BlackRock Taxable Municipal Bond Trust $BBN

Eagle Bluffs Wealth Management LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,112,255 shares of the investment management company’s stock after acquiring an additional 52,430 shares during the quarter. BlackRock Taxable Municipal Bond Trust comprises about 14.0% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its largest holding. Eagle Bluffs Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $34,472,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 99.2% during the fourth quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock worth $102,000 after buying an additional 3,126 shares in the last quarter. Commons Capital LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter worth about $165,000. Arete Wealth Advisors LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust during the third quarter worth about $183,000. Advisory Services Network LLC raised its position in BlackRock Taxable Municipal Bond Trust by 12.1% during the third quarter. Advisory Services Network LLC now owns 13,000 shares of the investment management company’s stock valued at $216,000 after purchasing an additional 1,400 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the second quarter valued at approximately $226,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN opened at $16.09 on Friday. The firm has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $16.34. BlackRock Taxable Municipal Bond Trust has a one year low of $15.47 and a one year high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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

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.