Blackrock Taxable Municipal Bond Trust (NYSE:BBN) Shares Purchased by Royal Bank of Canada

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Royal Bank of Canada increased its holdings in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 6.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 227,904 shares of the investment management company’s stock after acquiring an additional 14,803 shares during the period. Royal Bank of Canada’s holdings in Blackrock Taxable Municipal Bond Trust were worth $5,406,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BBN. Sit Investment Associates Inc. grew its position in shares of Blackrock Taxable Municipal Bond Trust by 1.1% during the 1st quarter. Sit Investment Associates Inc. now owns 195,101 shares of the investment management company’s stock valued at $4,376,000 after acquiring an additional 2,031 shares during the period. Laurel Wealth Advisors Inc. boosted its holdings in Blackrock Taxable Municipal Bond Trust by 2.9% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 24,281 shares of the investment management company’s stock worth $545,000 after buying an additional 675 shares during the last quarter. Pacific Wealth Strategies Group Inc. acquired a new stake in Blackrock Taxable Municipal Bond Trust in the 2nd quarter worth about $202,000. Commonwealth Equity Services LLC boosted its holdings in Blackrock Taxable Municipal Bond Trust by 8.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 90,708 shares of the investment management company’s stock worth $2,151,000 after buying an additional 6,819 shares during the last quarter. Finally, Doliver Advisors LP acquired a new stake in Blackrock Taxable Municipal Bond Trust in the 2nd quarter worth about $294,000.

BBN stock opened at $24.11 on Friday. Blackrock Taxable Municipal Bond Trust has a 12-month low of $19.59 and a 12-month high of $25.65. The business’s 50-day moving average is $24.80 and its 200 day moving average is $23.75.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.112 dividend. This represents a $1.34 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Friday, October 11th.

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.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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