Seven Mile Advisory Invests $574,000 in BlackRock Taxable Municipal Bond Trust $BBN

Seven Mile Advisory bought a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,563 shares of the investment management company’s stock, valued at approximately $574,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP increased its stake in BlackRock Taxable Municipal Bond Trust by 1,333.3% in the 2nd quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock worth $69,000 after buying an additional 4,000 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $148,000. Steward Partners Investment Advisory LLC boosted its position in BlackRock Taxable Municipal Bond Trust by 316.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock valued at $164,000 after buying an additional 7,733 shares during the period. WealthTrust Axiom LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth about $165,000. Finally, Arete Wealth Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth about $183,000.

BlackRock Taxable Municipal Bond Trust Stock Down 0.7%

Shares of NYSE:BBN opened at $16.06 on Friday. The firm’s 50 day simple moving average is $16.41 and its 200-day simple moving average is $16.64. BlackRock Taxable Municipal Bond Trust has a one year low of $15.37 and a one year high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, June 15th.

About BlackRock Taxable Municipal Bond Trust

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.