Conning Inc. Has $867,000 Stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB)
Conning Inc. maintained its position in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,119 shares of the investment management company’s stock at the end of the second quarter. Conning Inc.’s holdings in Guggenheim Taxabl Mncpl Mngd Drtn Trst were worth $867,000 as of its most recent filing with the SEC.
Separately, Janney Montgomery Scott LLC increased its position in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 21,109 shares of the investment management company’s stock worth $480,000 after buying an additional 753 shares during the last quarter.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) opened at 22.57 on Wednesday. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 12 month low of $18.84 and a 12 month high of $24.17. The firm’s 50-day moving average is $22.83 and its 200-day moving average is $22.54.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a dividend yield of 6.68%. The ex-dividend date is Friday, August 11th.
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About Guggenheim Taxabl Mncpl Mngd Drtn Trst
Guggenheim Taxable Municipal Managed Duration Trust, formerly Guggenheim Build America Bonds Managed Duration Trust, is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income with a secondary objective of long-term capital appreciation. Under normal market conditions, the Trust will invest approximately 80% of its managed assets in taxable municipal securities, including Build America Bonds (BABs).
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