StoneX Group Inc. Acquires New Shares in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

StoneX Group Inc. acquired a new position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 195,568 shares of the investment management company’s stock, valued at approximately $3,153,000.

A number of other hedge funds have also bought and sold shares of BBN. Eagle Bluffs Wealth Management LLC grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 22.6% in the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock worth $27,765,000 after acquiring an additional 318,049 shares during the period. Raymond James Financial Inc. bought a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $16,022,000. LPL Financial LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 20.5% during the 4th quarter. LPL Financial LLC now owns 684,672 shares of the investment management company’s stock valued at $11,037,000 after buying an additional 116,244 shares during the last quarter. M&T Bank Corp raised its stake in BlackRock Taxable Municipal Bond Trust by 0.4% during the 4th quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after buying an additional 2,433 shares during the last quarter. Finally, Focused Wealth Management Inc boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.1% in the 4th quarter. Focused Wealth Management Inc now owns 608,359 shares of the investment management company’s stock worth $9,807,000 after buying an additional 29,709 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.7 %

Shares of BBN opened at $16.69 on Tuesday. BlackRock Taxable Municipal Bond Trust has a one year low of $15.39 and a one year high of $18.42. The business has a fifty day moving average of $16.60 and a 200 day moving average of $16.73.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.0929 per share. The ex-dividend date was Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.68%.

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.