Intellectus Partners LLC Grows Stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Intellectus Partners LLC increased its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,919 shares of the investment management company’s stock after purchasing an additional 21,603 shares during the quarter. BlackRock Taxable Municipal Bond Trust makes up approximately 0.9% of Intellectus Partners LLC’s portfolio, making the stock its 22nd biggest position. Intellectus Partners LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $3,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BBN. Fairscale Capital LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the second quarter worth about $31,000. Eastern Bank purchased a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth approximately $53,000. Opal Wealth Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter valued at approximately $102,000. Miracle Mile Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the third quarter valued at approximately $178,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the second quarter worth approximately $230,000.

BlackRock Taxable Municipal Bond Trust Stock Down 0.1 %

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $16.35 on Friday. The firm’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $16.78. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.37 and a 12 month high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0929 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.82%.

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.