Rareview Capital LLC Purchases New Position in BlackRock Taxable Municipal Bond Trust $BBN

Rareview Capital LLC acquired a new position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,836 shares of the investment management company’s stock, valued at approximately $1,238,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBN. Sit Investment Associates Inc. lifted its stake in BlackRock Taxable Municipal Bond Trust by 5.9% in the fourth quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after acquiring an additional 372,131 shares during the last quarter. Morgan Stanley grew its position in BlackRock Taxable Municipal Bond Trust by 3.4% in the fourth quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock worth $85,089,000 after acquiring an additional 169,391 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after purchasing an additional 89,793 shares during the last quarter. Bank of America Corp DE increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 58.6% during the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock worth $17,409,000 after purchasing an additional 387,300 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.4% during the 3rd quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock worth $15,586,000 after purchasing an additional 39,843 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

BlackRock Taxable Municipal Bond Trust stock opened at $16.04 on Friday. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.47 and a 1-year high of $17.45. The firm’s fifty day simple moving average is $15.99 and its 200-day simple moving average is $16.21.

BlackRock Taxable Municipal Bond Trust Announces Dividend

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

BlackRock Taxable Municipal Bond Trust Company 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.