Apexium Financial LP Takes Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Apexium Financial LP acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,015 shares of the investment management company’s stock, valued at approximately $1,209,000.

A number of other large investors have also bought and sold shares of the company. Integrated Capital Management Inc. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.5% during the 3rd quarter. Integrated Capital Management Inc. now owns 22,597 shares of the investment management company’s stock worth $403,000 after acquiring an additional 983 shares during the period. Larson Financial Group LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares during the last quarter. Raymond James & Associates boosted its position in BlackRock Taxable Municipal Bond Trust by 0.7% during the third quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock worth $6,315,000 after purchasing an additional 2,478 shares during the period. Farther Finance Advisors LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% in the third quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock worth $1,086,000 after purchasing an additional 2,513 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the third quarter valued at approximately $53,000.

BlackRock Taxable Municipal Bond Trust Stock Up 0.7 %

BBN opened at $16.31 on Monday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.39 and a 12 month high of $18.42. The company has a 50 day moving average of $16.40 and a 200 day moving average of $16.95.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.