Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.13 and traded as high as $14.41. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $14.27, with a volume of 83,350 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

The business has a 50-day moving average price of $14.13 and a 200 day moving average price of $14.66.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1257 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.6%.

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

A number of institutional investors have recently modified their holdings of the stock. Cooper Financial Group raised its position 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 last quarter. NewEdge Advisors LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 1st quarter valued at about $417,000. Bank of America Corp DE grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during the 1st 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. Royal Bank of Canada increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.6% during the 1st quarter. Royal Bank of Canada now owns 89,385 shares of the investment management company’s stock valued at $1,296,000 after purchasing an additional 5,515 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.7% in the first quarter. Cetera Investment Advisers now owns 56,395 shares of the investment management company’s stock worth $818,000 after buying an additional 1,487 shares during the last quarter.

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.