Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.18 and traded as low as $13.11. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $13.1750, with a volume of 193,108 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

The business has a 50-day moving average of $13.79 and a 200 day moving average of $14.17.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GBAB. NewEdge Advisors LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.2% in the 2nd quarter. NewEdge Advisors LLC now owns 41,727 shares of the investment management company’s stock worth $603,000 after buying an additional 12,993 shares during the last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth approximately $4,178,000. Wedbush Securities Inc. raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.1% in the 2nd quarter. Wedbush Securities Inc. now owns 77,972 shares of the investment management company’s stock worth $1,127,000 after purchasing an additional 7,121 shares during the period. Cooper Financial Group raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% in the 2nd quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock worth $2,377,000 after purchasing an additional 6,872 shares during the period. Finally, Bank of America Corp DE lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after purchasing an additional 53,498 shares during the last quarter.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.