Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Portfolio Manager Buys 1,000 Shares of Stock

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Portfolio Manager Allen Li purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average cost of $13.59 per share, for a total transaction of $13,590.00. Following the completion of the purchase, the portfolio manager owned 1,000 shares in the company, valued at $13,590. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.4%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock traded up $0.06 during mid-day trading on Wednesday, reaching $13.60. The stock had a trading volume of 26,967 shares, compared to its average volume of 95,566. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $13.51 and a fifty-two week high of $15.94. The stock’s 50-day simple moving average is $13.95 and its 200-day simple moving average is $14.28.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of institutional investors and hedge funds have recently made changes to their positions in GBAB. Advisory Services Network LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter worth approximately $35,000. Kestra Advisory Services LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter valued at approximately $90,000. Invictus Private Wealth LLC raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% in the 4th quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,624 shares during the last quarter. Jane Street Group LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at $189,000. Finally, Integrity Wealth Partners LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 1st quarter valued at $254,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.

The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.