ProVise Management Group LLC Boosts Holdings in Blackrock Municipal Bond Trust (BBK)

ProVise Management Group LLC raised its stake in Blackrock Municipal Bond Trust (NYSE:BBK) by 3.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 136,832 shares of the financial services provider’s stock after acquiring an additional 3,955 shares during the period. ProVise Management Group LLC’s holdings in Blackrock Municipal Bond Trust were worth $1,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BBK. Wolverine Asset Management LLC bought a new position in shares of Blackrock Municipal Bond Trust in the fourth quarter valued at $966,000. Doliver Capital Advisors LP bought a new position in shares of Blackrock Municipal Bond Trust in the fourth quarter valued at $210,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Blackrock Municipal Bond Trust by 53.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,612 shares of the financial services provider’s stock valued at $282,000 after buying an additional 6,500 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Blackrock Municipal Bond Trust by 14.4% in the fourth quarter. Raymond James & Associates now owns 39,607 shares of the financial services provider’s stock valued at $600,000 after buying an additional 4,992 shares in the last quarter.

NYSE BBK opened at $14.22 on Friday. Blackrock Municipal Bond Trust has a 1 year low of $13.95 and a 1 year high of $16.47.

The business also recently declared a monthly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be issued a $0.0635 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.76 annualized dividend and a dividend yield of 5.36%.

About Blackrock Municipal Bond Trust

BlackRock Municipal Bond Trust is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from regular federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

Want to see what other hedge funds are holding BBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Municipal Bond Trust (NYSE:BBK).

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

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




Leave a Reply