233,622 Shares in BlackRock Taxable Municipal Bond Trust $BBN Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 233,622 shares of the investment management company’s stock, valued at approximately $3,778,000.

Other large investors have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 5.9% in the fourth quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after buying an additional 372,131 shares in the last quarter. Morgan Stanley lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 3.4% during the 4th quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock valued at $85,089,000 after acquiring an additional 169,391 shares during the last quarter. Eagle Bluffs Wealth Management LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after acquiring an additional 89,793 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 58.6% during the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock worth $17,409,000 after acquiring an additional 387,300 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.4% during the 3rd quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock worth $15,586,000 after acquiring an additional 39,843 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.6%

Shares of BlackRock Taxable Municipal Bond Trust stock opened at $15.81 on Wednesday. The stock’s fifty day moving average is $15.95 and its 200-day moving average is $16.13. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.47 and a 12-month high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0986 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

BlackRock Taxable Municipal Bond Trust Profile

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.