Fortis Group Advisors LLC Grows Stock Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Fortis Group Advisors LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 100.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,000 shares of the investment management company’s stock after purchasing an additional 1,000 shares during the quarter. Fortis Group Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $33,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 332.0% during the fourth quarter. Tortoise Investment Management LLC now owns 2,635 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 2,025 shares during the period. Brandywine Oak Private Wealth LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 16.1% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 18,000 shares of the investment management company’s stock valued at $293,000 after buying an additional 2,500 shares during the last quarter. Virtu Financial LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at $299,000. D.A. Davidson & CO. grew its holdings in BlackRock Taxable Municipal Bond Trust by 6.7% in the 4th quarter. D.A. Davidson & CO. now owns 19,369 shares of the investment management company’s stock worth $315,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter worth $432,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE:BBN traded up $0.17 during midday trading on Friday, hitting $16.18. 263,724 shares of the stock traded hands, compared to its average volume of 206,877. The business’s 50 day moving average is $15.76 and its two-hundred day moving average is $16.20. BlackRock Taxable Municipal Bond Trust has a one year low of $14.33 and a one year high of $17.13.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.093 dividend. This represents a $1.12 annualized dividend and a yield of 6.90%. The ex-dividend date is Friday, June 14th.

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.