Calamos Advisors LLC Raises Stock Position in BlackRock Taxable Municipal Bond Trust (NYSE:BBN)

Calamos Advisors LLC grew its holdings in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) by 23.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,007 shares of the investment management company’s stock after buying an additional 5,195 shares during the period. Calamos Advisors LLC’s holdings in BlackRock Taxable Municipal Bond Trust were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BBN. Bank of Montreal Can purchased a new position in BlackRock Taxable Municipal Bond Trust in the second quarter worth about $482,000. Miracle Mile Advisors LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth approximately $178,000. Koshinski Asset Management Inc. purchased a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth approximately $422,000. Creative Planning boosted its stake in BlackRock Taxable Municipal Bond Trust by 59.6% during the third quarter. Creative Planning now owns 18,541 shares of the investment management company’s stock worth $330,000 after buying an additional 6,925 shares during the period. Finally, Raymond James & Associates boosted its stake in BlackRock Taxable Municipal Bond Trust by 0.7% during the third quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock worth $6,315,000 after buying an additional 2,478 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 1.8 %

NYSE BBN opened at $16.78 on Thursday. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42. The company has a fifty day moving average of $16.42 and a two-hundred day moving average of $16.94.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.0929 per share. The ex-dividend date is Friday, February 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.64%.

BlackRock Taxable Municipal Bond Trust Company 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.