BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Holdings Increased by Invesco Ltd.

BlackRock Taxable Municipal Bond Trust NYSEBBN is a mutual fund that invests in taxable municipal bonds issued by local governments and other entities. Invesco Ltd., an investment management firm based in Atlanta, Georgia, has increased its stake in the trust by 38.8% during the third quarter of 2021.

According to Invesco's most recent filing with the Securities and Exchange Commission (SEC), the institutional investor owned 695,228 shares of BlackRock Taxable Municipal Bond Trust NYSEBBN after buying an additional 194,389 shares during the third quarter. This represents a significant increase in Invesco's holdings in the trust, which suggests that the investment management firm sees value in the taxable municipal bond market and believes that BlackRock Taxable Municipal Bond Trust NYSEBBN is well-positioned to benefit from this trend.

It's worth noting that Invesco has been a significant investor in BlackRock Taxable Municipal Bond Trust NYSEBBN for some time now. According to the trust's prospectus, Invesco was one of the largest shareholders of the trust as of March 31, 2021, with a stake of approximately 15%. This suggests that Invesco has been consistently bullish on the taxable municipal bond market and sees BlackRock Taxable Municipal Bond Trust NYSEBBN as an attractive investment opportunity.

Overall, Invesco's increased stake in BlackRock Taxable Municipal Bond Trust NYSEBBN is a positive development for both the trust and the broader taxable municipal bond market. It suggests that institutional investors are becoming more interested in this asset class and see value in investing in high-quality municipal bonds issued by local governments and other entities.