Riverbridge Partners LLC Has $1.90 Million Stake in BlackRock Taxable Municipal Bond Trust $BBN

Riverbridge Partners LLC lifted its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 107.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,511 shares of the investment management company’s stock after buying an additional 60,739 shares during the period. Riverbridge Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. raised its holdings in BlackRock Taxable Municipal Bond Trust by 5.9% in the 4th quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after acquiring an additional 372,131 shares in the last quarter. Morgan Stanley grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.4% during the 4th quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock worth $85,089,000 after purchasing an additional 169,391 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.5% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 2,112,255 shares of the investment management company’s stock worth $34,472,000 after purchasing an additional 52,430 shares in the last quarter. Bank of America Corp DE increased its position in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the third quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock worth $17,409,000 after purchasing an additional 387,300 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of BlackRock Taxable Municipal Bond Trust by 4.4% in the third quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock worth $15,586,000 after purchasing an additional 39,843 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 0.9%

BBN opened at $16.06 on Thursday. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.47 and a twelve month high of $17.45. The company has a 50-day simple moving average of $16.01 and a 200 day simple moving average of $16.26.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0986 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

BlackRock Taxable Municipal Bond Trust Company Profile

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.