J.W. Cole Advisors Inc. Makes New $3.74 Million Investment in BlackRock Taxable Municipal Bond Trust $BBN

J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 228,924 shares of the investment management company’s stock, valued at approximately $3,736,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Intellectus Partners LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 2.0% during the 4th quarter. Intellectus Partners LLC now owns 177,847 shares of the investment management company’s stock worth $2,902,000 after acquiring an additional 3,570 shares during the last quarter. Delta Financial Advisors LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 4.6% during the 4th quarter. Delta Financial Advisors LLC now owns 16,980 shares of the investment management company’s stock worth $277,000 after acquiring an additional 750 shares during the last quarter. HighTower Advisors LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 17.7% during the 4th quarter. HighTower Advisors LLC now owns 179,747 shares of the investment management company’s stock worth $2,933,000 after acquiring an additional 27,065 shares during the last quarter. Rinkey Investments bought a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $336,000. Finally, Koshinski Asset Management Inc. grew its holdings in BlackRock Taxable Municipal Bond Trust by 49.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 24,717 shares of the investment management company’s stock worth $403,000 after acquiring an additional 8,126 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN opened at $15.93 on Friday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.47 and a fifty-two week high of $17.45. The company’s 50 day moving average price is $16.03 and its two-hundred day moving average price is $16.38.

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.