Blackrock Taxable Municipal Bond Trust (NYSE:BBN) shares reached a new 52-week high on Monday . The stock traded as high as $22.85 and last traded at $22.81, with a volume of 4532 shares. The stock had previously closed at $22.63.

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.1188 per share. The ex-dividend date is Friday, April 12th. This represents a $1.43 annualized dividend and a dividend yield of 6.28%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC lifted its holdings in Blackrock Taxable Municipal Bond Trust by 3.5% during the 4th quarter. Private Advisor Group LLC now owns 25,801 shares of the investment management company’s stock worth $542,000 after purchasing an additional 876 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 6.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,905 shares of the investment management company’s stock valued at $376,000 after acquiring an additional 1,015 shares in the last quarter. Nwam LLC raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 4.0% in the 4th quarter. Nwam LLC now owns 36,959 shares of the investment management company’s stock valued at $777,000 after acquiring an additional 1,418 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 19.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,326 shares of the investment management company’s stock valued at $238,000 after acquiring an additional 1,813 shares in the last quarter. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Blackrock Taxable Municipal Bond Trust in the 4th quarter valued at about $40,000.

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Blackrock Taxable Municipal Bond Trust Company Profile (NYSE:BBN)

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.

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