Intellectus Partners LLC Increases Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Intellectus Partners LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 27.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,209 shares of the investment management company’s stock after buying an additional 35,162 shares during the quarter. BlackRock Taxable Municipal Bond Trust accounts for about 0.8% of Intellectus Partners LLC’s portfolio, making the stock its 28th largest position. Intellectus Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BBN. M&T Bank Corp purchased a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth $12,641,000. Eagle Bluffs Wealth Management LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 37.5% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 1,208,855 shares of the investment management company’s stock valued at $18,326,000 after purchasing an additional 329,630 shares during the last quarter. Invesco Ltd. grew its stake in BlackRock Taxable Municipal Bond Trust by 38.8% during the 3rd quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock valued at $10,540,000 after purchasing an additional 194,389 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at about $1,571,000. Finally, Raymond James & Associates grew its stake in BlackRock Taxable Municipal Bond Trust by 37.6% during the 4th quarter. Raymond James & Associates now owns 294,999 shares of the investment management company’s stock valued at $4,797,000 after purchasing an additional 80,660 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.2 %

BlackRock Taxable Municipal Bond Trust stock traded up $0.03 during trading hours on Friday, hitting $15.50. 109,157 shares of the stock traded hands, compared to its average volume of 216,727. The firm’s 50 day moving average price is $16.17 and its 200-day moving average price is $16.05. BlackRock Taxable Municipal Bond Trust has a 1 year low of $14.33 and a 1 year high of $18.10.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.093 per share. The ex-dividend date is Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 7.20%.

BlackRock Taxable Municipal Bond Trust Company Profile

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.