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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) declared a monthly dividend on Wednesday, April 1st. Shareholders 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 yield of 10.4%. The ex-dividend date of this dividend is Wednesday, April 15th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB traded down $0.02 on Monday, reaching $14.54. The stock had a trading volume of 5,749 shares, compared to its average volume of 93,554. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $13.93 and a 1-year high of $15.94. The stock has a fifty day moving average price of $14.95 and a 200-day moving average price of $15.18.

Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBAB. Sit Investment Associates Inc. lifted 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 purchasing an additional 74,078 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth approximately $1,400,000. Cetera Investment Advisers lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 27.6% during the fourth quarter. Cetera Investment Advisers now owns 54,908 shares of the investment management company’s stock worth $819,000 after purchasing an additional 11,871 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.1% during the fourth quarter. Osaic Holdings Inc. now owns 108,780 shares of the investment management company’s stock worth $1,623,000 after purchasing an additional 9,936 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.2% during the fourth quarter. Royal Bank of Canada now owns 83,870 shares of the investment management company’s stock worth $1,251,000 after purchasing an additional 5,650 shares in 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.