Sit Investment Associates Inc. Boosts Holdings in BlackRock Taxable Municipal Bond Trust $BBN

Sit Investment Associates Inc. lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,694,566 shares of the investment management company’s stock after buying an additional 372,131 shares during the quarter. BlackRock Taxable Municipal Bond Trust comprises 2.1% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 6th biggest position. Sit Investment Associates Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $109,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BBN. Farther Finance Advisors LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 99.2% during the 4th quarter. Farther Finance Advisors LLC now owns 6,276 shares of the investment management company’s stock valued at $102,000 after acquiring an additional 3,126 shares during the period. Commons Capital LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the fourth quarter worth $165,000. Arete Wealth Advisors LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the third quarter worth $183,000. Advisory Services Network LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 12.1% in 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 bought a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at $226,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.3%

NYSE:BBN opened at $16.04 on Friday. The business’s fifty day moving average is $16.04 and its 200 day moving average is $16.34. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.47 and a 52-week 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 given a dividend of $0.0986 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend 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.