Stratos Wealth Partners LTD. Acquires 3,511 Shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

Stratos Wealth Partners LTD. increased its holdings in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,752 shares of the investment management company’s stock after purchasing an additional 3,511 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Blackrock Taxable Municipal Bond Trust were worth $941,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisor Group Holdings Inc. bought a new stake in Blackrock Taxable Municipal Bond Trust during the first quarter valued at $1,338,000. Moody Lynn & Lieberson LLC bought a new stake in Blackrock Taxable Municipal Bond Trust during the first quarter valued at $1,204,000. Raymond James & Associates boosted its position in Blackrock Taxable Municipal Bond Trust by 31.5% during the second quarter. Raymond James & Associates now owns 184,620 shares of the investment management company’s stock valued at $4,601,000 after acquiring an additional 44,263 shares during the last quarter. CNH Partners LLC bought a new stake in Blackrock Taxable Municipal Bond Trust during the first quarter valued at $918,000. Finally, Morgan Stanley boosted its position in Blackrock Taxable Municipal Bond Trust by 2.3% during the first quarter. Morgan Stanley now owns 1,796,453 shares of the investment management company’s stock valued at $39,163,000 after acquiring an additional 41,158 shares during the last quarter.

Shares of BBN opened at $26.60 on Friday. The firm’s fifty day simple moving average is $25.22 and its two-hundred day simple moving average is $24.20. Blackrock Taxable Municipal Bond Trust has a 12 month low of $18.55 and a 12 month high of $26.92.

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $1.34 dividend on an annualized basis and a yield of 5.05%.

Blackrock Taxable Municipal Bond Trust 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.

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Institutional Ownership by Quarter for Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

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