Hilltop Holdings Inc. Has $1.46 Million Stake in Blackrock Taxable Municipal Bond Trust (NYSE:BBN)

Share on StockTwits

Hilltop Holdings Inc. increased its stake in shares of Blackrock Taxable Municipal Bond Trust (NYSE:BBN) by 40.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,015 shares of the investment management company’s stock after purchasing an additional 18,620 shares during the quarter. Hilltop Holdings Inc. owned about 0.11% of Blackrock Taxable Municipal Bond Trust worth $1,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in Blackrock Taxable Municipal Bond Trust by 145.7% in the first quarter. LPL Financial LLC now owns 105,942 shares of the investment management company’s stock valued at $2,386,000 after buying an additional 62,815 shares during the period. UBS Group AG raised its holdings in Blackrock Taxable Municipal Bond Trust by 5.1% in the first quarter. UBS Group AG now owns 851,493 shares of the investment management company’s stock worth $19,176,000 after purchasing an additional 41,493 shares during the period. Commonwealth Equity Services LLC raised its holdings in Blackrock Taxable Municipal Bond Trust by 17.3% in the first quarter. Commonwealth Equity Services LLC now owns 73,699 shares of the investment management company’s stock worth $1,659,000 after purchasing an additional 10,857 shares during the period. Cornerstone Advisory LLP raised its holdings in Blackrock Taxable Municipal Bond Trust by 2,263.1% in the first quarter. Cornerstone Advisory LLP now owns 274,903 shares of the investment management company’s stock worth $6,191,000 after purchasing an additional 263,270 shares during the period. Finally, Private Advisor Group LLC raised its holdings in Blackrock Taxable Municipal Bond Trust by 171.3% in the first quarter. Private Advisor Group LLC now owns 25,864 shares of the investment management company’s stock worth $582,000 after purchasing an additional 16,330 shares during the period.

Shares of NYSE:BBN opened at $22.10 on Friday. Blackrock Taxable Municipal Bond Trust has a 12 month low of $21.26 and a 12 month high of $23.96.

The firm also recently announced a monthly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were given a $0.1318 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date was Thursday, June 14th.

About Blackrock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s 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, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings.

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

Receive News & Ratings for Blackrock Taxable Municipal Bond Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Taxable Municipal Bond Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply