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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Portfolio Manager Allen Li purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average cost of $13.59 per share, with a total value of $13,590.00. Following the transaction, the portfolio manager directly owned 1,000 shares in the company, valued at $13,590. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.6%

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock opened at $13.50 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $13.47 and a twelve month high of $15.94. The stock’s fifty day simple moving average is $13.92 and its 200-day simple moving average is $14.26.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.1257 per share. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

A number of hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% during the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after buying an additional 74,078 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock worth $8,545,000 after buying an additional 53,498 shares during the period. LPL Financial LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the fourth quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock valued at $6,690,000 after acquiring an additional 29,220 shares in the last quarter. Rivernorth Capital Management LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at approximately $4,178,000. Finally, Invesco Ltd. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% in the third quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock worth $3,678,000 after acquiring an additional 6,879 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.