Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.13 and traded as high as $14.41. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $14.27, with a volume of 83,350 shares trading hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.1%

The firm has a fifty day moving average price of $14.13 and a 200 day moving average price of $14.65.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.1257 per share. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date is Wednesday, July 15th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Daymark Wealth Partners LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth $1,429,000. Sit Investment Associates Inc. lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after purchasing an additional 74,078 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% during the 4th quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock worth $861,000 after purchasing an additional 4,237 shares during the period. Cooper Financial Group grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.0% during the 4th quarter. Cooper Financial Group now owns 154,826 shares of the investment management company’s stock worth $2,310,000 after purchasing an additional 15,306 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter worth about $379,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company 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.