Focused Wealth Management Inc Has $10.31 Million Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Focused Wealth Management Inc lifted its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 578,650 shares of the investment management company’s stock after purchasing an additional 13,076 shares during the period. BlackRock Taxable Municipal Bond Trust accounts for approximately 1.4% of Focused Wealth Management Inc’s portfolio, making the stock its 17th biggest holding. Focused Wealth Management Inc’s holdings in BlackRock Taxable Municipal Bond Trust were worth $10,312,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BBN. Eagle Bluffs Wealth Management LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 7.0% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 1,354,057 shares of the investment management company’s stock valued at $22,139,000 after purchasing an additional 88,243 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 50.5% in the second quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock valued at $12,463,000 after buying an additional 255,824 shares during the period. Raymond James & Associates lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 0.7% in the third quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock valued at $6,315,000 after buying an additional 2,478 shares during the period. Intellectus Partners LLC grew its position in BlackRock Taxable Municipal Bond Trust by 3.4% during the second quarter. Intellectus Partners LLC now owns 178,316 shares of the investment management company’s stock worth $2,915,000 after buying an additional 5,882 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in BlackRock Taxable Municipal Bond Trust during the second quarter valued at about $1,923,000.

BlackRock Taxable Municipal Bond Trust Trading Down 1.0 %

Shares of BBN stock opened at $16.85 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.18 and a 12 month high of $18.42. The stock has a 50 day moving average of $17.50 and a two-hundred day moving average of $16.74.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0929 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.11 dividend on an annualized basis and a yield of 6.62%.

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.