Conning Inc. held its stake in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,403 shares of the investment management company’s stock at the end of the second quarter. Conning Inc.’s holdings in Blackrock Taxable Municipal Bond Trust were worth $880,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. purchased a new stake in shares of Blackrock Taxable Municipal Bond Trust during the first quarter valued at $7,588,000. Wells Fargo & Company MN increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 16.8% in the first quarter. Wells Fargo & Company MN now owns 432,085 shares of the investment management company’s stock valued at $9,674,000 after buying an additional 62,204 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Blackrock Taxable Municipal Bond Trust during the first quarter valued at $1,366,000. Stifel Financial Corp increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 21.0% in the first quarter. Stifel Financial Corp now owns 204,647 shares of the investment management company’s stock valued at $4,568,000 after buying an additional 35,479 shares during the period. Finally, Morgan Stanley increased its stake in shares of Blackrock Taxable Municipal Bond Trust by 3.6% in the first quarter. Morgan Stanley now owns 915,629 shares of the investment management company’s stock valued at $20,500,000 after buying an additional 32,045 shares during the period.

Shares of Blackrock Taxable Municipal Bond Trust (BBN) opened at 23.19 on Wednesday. Blackrock Taxable Municipal Bond Trust has a 52 week low of $19.50 and a 52 week high of $25.09. The firm has a 50-day moving average of $23.19 and a 200 day moving average of $22.70.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.1318 per share. This represents a $1.58 annualized dividend and a yield of 6.82%. The ex-dividend date is Friday, August 11th.

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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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