Raymond James Financial Services Advisors Inc. raised its position in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) by 6.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,509 shares of the investment management company’s stock after purchasing an additional 711 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Guggenheim Taxabl Mncpl Mngd Drtn Trst worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst by 10.8% in the second quarter. Wells Fargo & Company MN now owns 155,627 shares of the investment management company’s stock worth $3,541,000 after buying an additional 15,186 shares during the period. Royal Bank of Canada increased its holdings in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst by 0.8% in the second quarter. Royal Bank of Canada now owns 59,867 shares of the investment management company’s stock worth $1,362,000 after buying an additional 493 shares during the period. Doliver Capital Advisors LP increased its holdings in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst by 0.5% in the second quarter. Doliver Capital Advisors LP now owns 62,879 shares of the investment management company’s stock worth $1,430,000 after buying an additional 300 shares during the period. Janney Montgomery Scott LLC grew its stake 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 purchasing an additional 753 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst in the second quarter worth about $141,000.

Shares of Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) opened at $22.51 on Friday. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 12 month low of $20.05 and a 12 month high of $23.32.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.126 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.51 annualized dividend and a dividend yield of 6.72%.

In other Guggenheim Taxabl Mncpl Mngd Drtn Trst news, insider Anne Bookwalter Walsh bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of $23.00 per share, with a total value of $69,000.00. Following the completion of the purchase, the insider now directly owns 11,000 shares of the company’s stock, valued at $253,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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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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Institutional Ownership by Quarter for Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB)

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