43,852 Shares in BlackRock Taxable Municipal Bond Trust $BBN Purchased by Westview Management dba Westview Investment Advisors

Westview Management dba Westview Investment Advisors acquired a new stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 43,852 shares of the investment management company’s stock, valued at approximately $716,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at about $148,000. Steward Partners Investment Advisory LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 316.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 7,733 shares during the last quarter. WealthTrust Axiom LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter worth about $165,000. Commons Capital LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $165,000. Finally, Arete Wealth Advisors LLC purchased a new position in BlackRock Taxable Municipal Bond Trust during the third quarter worth about $183,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN stock opened at $15.83 on Monday. The firm’s 50 day moving average price is $16.37 and its 200-day moving average price is $16.63. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $17.45.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0986 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, June 15th.

About BlackRock Taxable Municipal Bond Trust

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.