Access Financial Services Inc. Has $633,000 Holdings in BlackRock Taxable Municipal Bond Trust $BBN

Access Financial Services Inc. decreased its stake in shares of BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 5.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 39,313 shares of the investment management company’s stock after selling 2,456 shares during the period. Access Financial Services Inc.’s holdings in BlackRock Taxable Municipal Bond Trust were worth $633,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. raised its position in shares of BlackRock Taxable Municipal Bond Trust by 18.0% in the first quarter. Sit Investment Associates Inc. now owns 5,161,588 shares of the investment management company’s stock valued at $86,095,000 after purchasing an additional 787,953 shares during the period. Eagle Bluffs Wealth Management LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.8% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 1,899,894 shares of the investment management company’s stock valued at $30,607,000 after buying an additional 52,203 shares during the period. LPL Financial LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 9.2% during the 1st quarter. LPL Financial LLC now owns 747,872 shares of the investment management company’s stock worth $12,474,000 after purchasing an additional 63,200 shares in the last quarter. Focused Wealth Management Inc increased its holdings in BlackRock Taxable Municipal Bond Trust by 5.2% in the 2nd quarter. Focused Wealth Management Inc now owns 662,967 shares of the investment management company’s stock valued at $10,680,000 after buying an additional 32,941 shares during the period. Finally, Royal Bank of Canada raised its position in BlackRock Taxable Municipal Bond Trust by 13.1% in the first quarter. Royal Bank of Canada now owns 562,515 shares of the investment management company’s stock worth $9,383,000 after purchasing an additional 64,953 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5%

BBN stock opened at $16.68 on Thursday. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.37 and a 1-year high of $17.88. The business’s 50 day moving average is $16.34 and its 200-day moving average is $16.10.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.0986 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Wednesday, October 15th.

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.