BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 34.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,373,635 shares of the investment management company’s stock after buying an additional 1,111,574 shares during the period. BlackRock Taxable Municipal Bond Trust accounts for about 1.6% of Sit Investment Associates Inc.’s holdings, making the stock its 8th largest holding. Sit Investment Associates Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $70,503,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in shares of 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 worth $141,000 after purchasing an additional 1,000 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in BlackRock Taxable Municipal Bond Trust in the 4th quarter valued at $216,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth $239,000. Mezzasalma Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth $240,000. Finally, Patten Group Inc. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at about $247,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN opened at $16.30 on Friday. The firm has a 50-day moving average price of $16.62 and a 200 day moving average price of $16.71. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0929 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.84%.

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.