Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) to Issue Monthly Dividend of $0.13 on April 30th

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.1257 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Wednesday, April 15th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE GBAB traded down $0.02 during trading hours on Monday, reaching $14.53. The company’s stock had a trading volume of 6,950 shares, compared to its average volume of 93,566. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $13.93 and a fifty-two week high of $15.94. The company’s 50-day moving average is $14.95 and its two-hundred day moving average is $15.18.

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

A number of large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after acquiring an additional 74,078 shares during the last quarter. Readystate Asset Management LP acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at about $1,400,000. Cetera Investment Advisers grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 27.6% in the 4th quarter. Cetera Investment Advisers now owns 54,908 shares of the investment management company’s stock valued at $819,000 after acquiring an additional 11,871 shares during the last quarter. Osaic Holdings Inc. grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.1% in the 4th quarter. Osaic Holdings Inc. now owns 108,780 shares of the investment management company’s stock valued at $1,623,000 after acquiring an additional 9,936 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.2% in the 4th quarter. Royal Bank of Canada now owns 83,870 shares of the investment management company’s stock valued at $1,251,000 after acquiring an additional 5,650 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.