UBS Group AG Increases Stock Holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) (2024)

Posted by MarketBeat News on May 31st, 2024

UBS Group AG increased its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Free Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,033,198 shares of the investment management company’s stock after purchasing an additional 69,403 shares during the period. UBS Group AG’s holdings in BlackRock Taxable Municipal Bond Trust were worth $16,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oder Investment Management LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 1.4% in the fourth quarter. Oder Investment Management LLC now owns 66,677 shares of the investment management company’s stock valued at $1,084,000 after purchasing an additional 899 shares during the period. High Net Worth Advisory Group LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 1.8% during the fourth quarter. High Net Worth Advisory Group LLC now owns 56,921 shares of the investment management company’s stock worth $926,000 after acquiring an additional 986 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 4.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 42,630 shares of the investment management company’s stock worth $693,000 after acquiring an additional 1,669 shares during the last quarter. Tortoise Investment Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 332.0% during the fourth quarter. Tortoise Investment Management LLC now owns 2,635 shares of the investment management company’s stock worth $45,000 after acquiring an additional 2,025 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 16.1% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 18,000 shares of the investment management company’s stock worth $293,000 after acquiring an additional 2,500 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE:BBN opened at $15.57 on Friday. The business has a 50-day moving average of $15.83 and a two-hundred day moving average of $16.16. BlackRock Taxable Municipal Bond Trust has a 12 month low of $14.33 and a 12 month high of $17.13.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

Want More Great Investing Ideas?

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.093 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.17%. The ex-dividend date is Tuesday, May 14th.