M&R Capital Management Inc. Invests $40,000 in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

M&R Capital Management Inc. acquired a new position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,391 shares of the investment management company’s stock, valued at approximately $40,000.

Several other large investors have also recently made changes to their positions in BBN. Riverbridge Partners LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 5.3% during the 3rd quarter. Riverbridge Partners LLC now owns 14,371 shares of the investment management company’s stock worth $236,000 after buying an additional 729 shares during the period. Cooper Financial Group increased its stake in BlackRock Taxable Municipal Bond Trust by 0.4% during the 3rd quarter. Cooper Financial Group now owns 173,844 shares of the investment management company’s stock worth $2,856,000 after buying an additional 742 shares during the period. LexAurum Advisors LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 2.4% during the 3rd quarter. LexAurum Advisors LLC now owns 34,299 shares of the investment management company’s stock worth $564,000 after buying an additional 812 shares during the period. D.A. Davidson & CO. increased its stake in BlackRock Taxable Municipal Bond Trust by 7.9% during the 1st quarter. D.A. Davidson & CO. now owns 13,697 shares of the investment management company’s stock worth $302,000 after buying an additional 1,000 shares during the period. Finally, Walker Asset Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 1.6% during the 3rd quarter. Walker Asset Management LLC now owns 64,186 shares of the investment management company’s stock worth $1,055,000 after buying an additional 1,000 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 1.7 %

Shares of BBN opened at $17.64 on Friday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.76 and a fifty-two week high of $22.39. The firm’s 50 day moving average price is $17.66 and its 200 day moving average price is $17.47.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a $0.103 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date is Tuesday, March 14th.

BlackRock Taxable Municipal Bond Trust Profile

(Get Rating)

BlackRock Taxable Municipal Bond Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective of capital appreciation. The trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities known as Build America Bonds.