StoneX Group Inc. Acquires New Shares in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $GBAB

StoneX Group Inc. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 332,650 shares of the investment management company’s stock, valued at approximately $4,561,000.

A number of other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,635 shares of the investment management company’s stock valued at $605,000 after purchasing an additional 3,077 shares in the last quarter. MGO One Seven LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.3% during the third quarter. MGO One Seven LLC now owns 27,383 shares of the investment management company’s stock worth $341,000 after buying an additional 3,424 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.4% in the third quarter. Fortitude Advisory Group L.L.C. now owns 30,294 shares of the investment management company’s stock valued at $377,000 after buying an additional 6,709 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock valued at $2,234,000 after buying an additional 38,000 shares in the last quarter. Finally, Cooper Financial Group lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.5% in the third quarter. Cooper Financial Group now owns 179,970 shares of the investment management company’s stock valued at $2,239,000 after buying an additional 15,602 shares in the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.5%

Shares of NYSE GBAB opened at $13.07 on Friday. The company has a 50-day moving average price of $12.87 and a 200-day moving average price of $14.05. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $12.31 and a 1 year high of $15.73.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be given a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Friday, November 13th. This is a negative change from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol GBAB. The trust seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in taxable municipal securities and other investment-grade debt obligations.

Its portfolio may include taxable municipal bonds issued by states, municipalities, public authorities and other governmental entities, including Build America Bonds and similar securities.