Walter & Keenan Financial Consulting Co. MI ADV maintained its stake in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) during the second quarter, Holdings Channel reports. The firm owned 22,200 shares of the investment management company’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Blackrock Taxable Municipal Bond Trust were worth $509,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of BBN. Creative Planning boosted its stake in shares of Blackrock Taxable Municipal Bond Trust by 55.2% in the second quarter. Creative Planning now owns 5,290 shares of the investment management company’s stock worth $121,000 after buying an additional 1,882 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Blackrock Taxable Municipal Bond Trust by 12.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,872 shares of the investment management company’s stock worth $131,000 after buying an additional 627 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of Blackrock Taxable Municipal Bond Trust during the second quarter worth approximately $201,000. Janney Montgomery Scott LLC purchased a new stake in shares of Blackrock Taxable Municipal Bond Trust during the second quarter worth approximately $204,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Blackrock Taxable Municipal Bond Trust by 0.7% in the first quarter. Oppenheimer & Co. Inc. now owns 9,567 shares of the investment management company’s stock worth $214,000 after buying an additional 66 shares during the last quarter.

Shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) opened at 23.30 on Thursday. The stock’s 50 day moving average is $23.18 and its 200-day moving average is $22.65. Blackrock Taxable Municipal Bond Trust has a 52 week low of $19.50 and a 52 week high of $25.47.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.1318 per share. This represents a $1.58 annualized dividend and a dividend yield of 6.79%. The ex-dividend date of this dividend is Friday, August 11th.

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Blackrock Taxable Municipal Bond Trust Company Profile

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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