Sit Investment Associates Inc. Buys 74,078 Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $GBAB

Sit Investment Associates Inc. raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 696,506 shares of the investment management company’s stock after buying an additional 74,078 shares during the period. Sit Investment Associates Inc.’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $10,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter valued at $35,000. Kestra Advisory Services LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the fourth quarter worth about $90,000. Invictus Private Wealth LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at about $170,000. Mosaic Family Wealth Partners LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at about $181,000. Finally, Jane Street Group LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at about $189,000.

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

Shares of NYSE:GBAB opened at $14.20 on Friday. The firm’s 50 day moving average price is $14.23 and its 200-day moving average price is $14.76. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $13.51 and a twelve month high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.1257 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Profile

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.