Eagle Bluffs Wealth Management LLC Has $34.19 Million Holdings in BlackRock Taxable Municipal Bond Trust $BBN

Eagle Bluffs Wealth Management LLC raised its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,059,825 shares of the investment management company’s stock after buying an additional 159,931 shares during the period. BlackRock Taxable Municipal Bond Trust accounts for 14.8% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its largest holding. Eagle Bluffs Wealth Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $34,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BBN. Gridiron Partners LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 20,210.0% during the third quarter. Gridiron Partners LLC now owns 6,200,851 shares of the investment management company’s stock worth $1,029,000 after buying an additional 6,170,320 shares in the last quarter. Raymond James Financial Inc. grew its position in BlackRock Taxable Municipal Bond Trust by 5.7% during the 2nd quarter. Raymond James Financial Inc. now owns 899,059 shares of the investment management company’s stock worth $14,484,000 after acquiring an additional 48,679 shares during the last quarter. Invesco Ltd. increased its holdings in BlackRock Taxable Municipal Bond Trust by 3.5% in the 2nd quarter. Invesco Ltd. now owns 772,393 shares of the investment management company’s stock worth $12,443,000 after purchasing an additional 26,369 shares in the last quarter. Focused Wealth Management Inc raised its position in BlackRock Taxable Municipal Bond Trust by 8.3% in the third quarter. Focused Wealth Management Inc now owns 717,764 shares of the investment management company’s stock valued at $11,915,000 after purchasing an additional 54,797 shares during the last quarter. Finally, Royal Bank of Canada raised its position in BlackRock Taxable Municipal Bond Trust by 13.1% in the first quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after purchasing an additional 64,953 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN stock opened at $16.60 on Friday. The business’s 50-day moving average price is $16.52 and its 200-day moving average price is $16.61. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.37 and a 12 month high of $17.45.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0986 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th.

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.