ProVise Management Group LLC Grows Position in BlackRock Municipal Bond Trust (NYSE:BBK)

ProVise Management Group LLC raised its stake in shares of BlackRock Municipal Bond Trust (NYSE:BBK) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,657 shares of the financial services provider’s stock after purchasing an additional 8,800 shares during the quarter. ProVise Management Group LLC’s holdings in BlackRock Municipal Bond Trust were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in BlackRock Municipal Bond Trust by 31.9% in the third quarter. Morgan Stanley now owns 244,596 shares of the financial services provider’s stock valued at $3,371,000 after acquiring an additional 59,217 shares during the last quarter. Van ECK Associates Corp increased its holdings in BlackRock Municipal Bond Trust by 12.8% during the 4th quarter. Van ECK Associates Corp now owns 41,316 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 4,686 shares during the period. Fiera Capital Corp increased its holdings in BlackRock Municipal Bond Trust by 19.2% during the 4th quarter. Fiera Capital Corp now owns 305,875 shares of the financial services provider’s stock worth $4,090,000 after acquiring an additional 49,231 shares during the period. Cohen & Steers Inc. increased its holdings in BlackRock Municipal Bond Trust by 107.3% during the 4th quarter. Cohen & Steers Inc. now owns 57,732 shares of the financial services provider’s stock worth $772,000 after acquiring an additional 29,877 shares during the period. Finally, Karpus Management Inc. bought a new stake in BlackRock Municipal Bond Trust during the 4th quarter worth approximately $331,000.

BlackRock Municipal Bond Trust stock traded up $0.02 during midday trading on Friday, reaching $14.88. 12,228 shares of the stock were exchanged, compared to its average volume of 29,211. BlackRock Municipal Bond Trust has a 52 week low of $13.06 and a 52 week high of $14.94. The firm has a fifty day simple moving average of $14.62.

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.054 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.65 dividend on an annualized basis and a yield of 4.35%.

BlackRock Municipal Bond Trust Company Profile

BlackRock Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets of the United States. It primarily invests in investment grade municipal bonds which are exempt from regular federal income taxes.

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

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