Peregrine Asset Advisers Inc. Acquires 110 Shares of Blackrock Taxable Municipal Bond Trust (BBN)

Peregrine Asset Advisers Inc. raised its holdings in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,514 shares of the investment management company’s stock after acquiring an additional 110 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Blackrock Taxable Municipal Bond Trust were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BBN. Creative Planning boosted its stake in Blackrock Taxable Municipal Bond Trust by 55.2% in the second quarter. Creative Planning now owns 5,290 shares of the investment management company’s stock valued at $121,000 after acquiring an additional 1,882 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Blackrock Taxable Municipal Bond Trust by 12.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,872 shares of the investment management company’s stock valued at $131,000 after acquiring an additional 627 shares during the last quarter. Capital Investment Advisors LLC bought a new position in Blackrock Taxable Municipal Bond Trust in the second quarter valued at approximately $201,000. Janney Montgomery Scott LLC bought a new position in Blackrock Taxable Municipal Bond Trust in the second quarter valued at approximately $204,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Blackrock Taxable Municipal Bond Trust by 0.7% in the first quarter. Oppenheimer & Co. Inc. now owns 9,567 shares of the investment management company’s stock valued at $214,000 after acquiring an additional 66 shares during the last quarter.

Shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) traded down 0.453% during trading on Tuesday, reaching $23.712. 36,877 shares of the company’s stock were exchanged. Blackrock Taxable Municipal Bond Trust has a 52-week low of $19.50 and a 52-week high of $24.83. The stock’s 50 day moving average price is $23.51 and its 200-day moving average price is $22.88.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.1318 dividend. This represents a $1.58 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Thursday, September 14th.

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About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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