Focused Wealth Management Inc Has $11.92 Million Stock Position in BlackRock Taxable Municipal Bond Trust $BBN

Focused Wealth Management Inc lifted its position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 717,764 shares of the investment management company’s stock after buying an additional 54,797 shares during the quarter. BlackRock Taxable Municipal Bond Trust makes up about 1.3% of Focused Wealth Management Inc’s holdings, making the stock its 18th largest holding. Focused Wealth Management Inc’s holdings in BlackRock Taxable Municipal Bond Trust were worth $11,915,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BBN. Trust Co. of Toledo NA OH acquired a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth approximately $52,000. Allworth Financial LP lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 1,333.3% in the second quarter. Allworth Financial LP now owns 4,300 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 4,000 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 316.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 10,177 shares of the investment management company’s stock valued at $164,000 after purchasing an additional 7,733 shares in the last quarter. WealthTrust Axiom LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the second quarter worth $165,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the second quarter valued at $219,000.

BlackRock Taxable Municipal Bond Trust Price Performance

NYSE:BBN opened at $16.76 on Friday. The business’s fifty day moving average price is $17.00 and its 200 day moving average price is $16.47. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.37 and a 1-year high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.0986 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

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.