Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.53 and traded as low as $13.70. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $13.86, with a volume of 179,688 shares trading hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.1%

The firm has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $14.51.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.1257 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Friday, August 14th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Bison Wealth LLC boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% in the fourth quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock valued at $861,000 after acquiring an additional 4,237 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.5% during the 2nd quarter. Cetera Investment Advisers now owns 44,315 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 4,563 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.9% during the 2nd quarter. Invesco Ltd. now owns 229,223 shares of the investment management company’s stock valued at $3,448,000 after purchasing an additional 34,845 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth $189,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth $549,000.

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.