Laurel Wealth Advisors Inc. Has $545,000 Stock Holdings in Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

Laurel Wealth Advisors Inc. lifted its position in Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,281 shares of the investment management company’s stock after acquiring an additional 675 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Blackrock Taxable Municipal Bond Trust were worth $545,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Blackrock Taxable Municipal Bond Trust in the 3rd quarter valued at $403,000. Bank of Montreal Can bought a new position in shares of Blackrock Taxable Municipal Bond Trust in the fourth quarter valued at about $235,000. Janney Montgomery Scott LLC raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 19.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,326 shares of the investment management company’s stock valued at $238,000 after buying an additional 1,813 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 6.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,905 shares of the investment management company’s stock valued at $376,000 after buying an additional 1,015 shares during the last quarter. Finally, West Chester Capital Advisors Inc. raised its holdings in shares of Blackrock Taxable Municipal Bond Trust by 24.8% in the fourth quarter. West Chester Capital Advisors Inc. now owns 91,635 shares of the investment management company’s stock valued at $1,926,000 after buying an additional 18,212 shares during the last quarter.

Shares of Blackrock Taxable Municipal Bond Trust stock traded up $0.03 during trading on Wednesday, reaching $23.66. The company’s stock had a trading volume of 124,600 shares, compared to its average volume of 147,463. The stock has a 50-day moving average of $23.50. Blackrock Taxable Municipal Bond Trust has a one year low of $19.59 and a one year high of $23.86.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.112 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.68%.

About Blackrock Taxable Municipal Bond Trust

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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