Oder Investment Management LLC Grows Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Oder Investment Management LLC raised its stake in BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Rating) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,237 shares of the investment management company’s stock after acquiring an additional 549 shares during the quarter. BlackRock Taxable Municipal Bond Trust comprises 2.9% of Oder Investment Management LLC’s holdings, making the stock its 10th largest position. Oder Investment Management LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $2,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter worth approximately $41,000. Citigroup Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 20.5% during the third quarter. Citigroup Inc. now owns 2,793 shares of the investment management company’s stock worth $72,000 after purchasing an additional 476 shares during the period. Ahrens Investment Partners LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter worth approximately $131,000. Dfpg Investments LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter worth approximately $210,000. Finally, Gryphon Financial Partners LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter worth approximately $214,000.

Shares of BBN traded down $0.13 during mid-day trading on Tuesday, hitting $20.27. 6,488 shares of the company’s stock were exchanged, compared to its average volume of 260,575. BlackRock Taxable Municipal Bond Trust has a 52 week low of $19.16 and a 52 week high of $27.12. The stock’s 50-day simple moving average is $20.57 and its 200-day simple moving average is $23.28.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be issued a dividend of $0.123 per share. The ex-dividend date is Friday, May 13th. This represents a $1.48 annualized dividend and a dividend yield of 7.28%.

BlackRock Taxable Municipal Bond Trust Profile (Get Rating)

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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