Transform Wealth LLC Buys 12,416 Shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Transform Wealth LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 35.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,316 shares of the investment management company’s stock after acquiring an additional 12,416 shares during the period. Transform Wealth LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in BlackRock Taxable Municipal Bond Trust by 12.9% during the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,000 shares in the last quarter. Advisory Services Network LLC purchased a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at about $173,000. Generation Capital Management LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $187,000. Avantax Advisory Services Inc. bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at about $216,000. Finally, Patten Group Inc. purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $247,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

NYSE:BBN opened at $15.86 on Thursday. The company’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $16.29. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.37 and a fifty-two week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.0929 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.11 annualized dividend and a yield of 7.03%.

About BlackRock Taxable Municipal Bond Trust

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.