Petra Financial Advisors Inc. purchased a new position in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 71,390 shares of the investment management company’s stock, valued at approximately $1,154,000.
Several other institutional investors have also made changes to their positions in BBN. Royal Bank of Canada increased its stake in BlackRock Taxable Municipal Bond Trust by 13.1% in the 1st quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock valued at $9,383,000 after buying an additional 64,953 shares during the period. Invesco Ltd. lifted its position in BlackRock Taxable Municipal Bond Trust by 3.5% in the 2nd quarter. Invesco Ltd. now owns 772,393 shares of the investment management company’s stock worth $12,443,000 after buying an additional 26,369 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 10.0% during the 2nd quarter. NewEdge Advisors LLC now owns 37,780 shares of the investment management company’s stock valued at $609,000 after buying an additional 3,421 shares during the period. Raymond James Financial Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.7% during the 2nd quarter. Raymond James Financial Inc. now owns 899,059 shares of the investment management company’s stock valued at $14,484,000 after buying an additional 48,679 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 8.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 118,574 shares of the investment management company’s stock valued at $1,910,000 after buying an additional 9,707 shares during the period.
BlackRock Taxable Municipal Bond Trust Stock Performance
BlackRock Taxable Municipal Bond Trust stock opened at $15.86 on Wednesday. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.47 and a 12 month high of $17.45. The company’s fifty day simple moving average is $15.95 and its 200-day simple moving average is $16.15.
BlackRock Taxable Municipal Bond Trust Dividend Announcement
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.
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