Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Plans Monthly Dividend of $0.13 (NYSE:GBAB)

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.1257 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, February 13th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.3%

GBAB traded down $0.05 on Tuesday, hitting $15.19. 22,141 shares of the company traded hands, compared to its average volume of 91,767. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $14.35 and a 12-month high of $15.96. The company has a 50 day moving average of $15.14 and a 200-day moving average of $15.31.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several institutional investors and hedge funds have recently modified their holdings of GBAB. StoneX Group Inc. lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 0.5% in the 2nd quarter. StoneX Group Inc. now owns 138,843 shares of the investment management company’s stock valued at $2,088,000 after buying an additional 752 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.4% during the second quarter. Stratos Wealth Partners LTD. now owns 12,911 shares of the investment management company’s stock worth $194,000 after buying an additional 1,000 shares in the last quarter. Intellus Advisors LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.2% during the second quarter. Intellus Advisors LLC now owns 18,806 shares of the investment management company’s stock valued at $283,000 after buying an additional 1,433 shares during the period. Janney Montgomery Scott LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 95,753 shares of the investment management company’s stock valued at $1,440,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.2% during the second quarter. Wedbush Securities Inc. now owns 72,785 shares of the investment management company’s stock worth $1,095,000 after buying an additional 2,237 shares during the period.

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.