Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.60 and traded as low as $13.89. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $13.92, with a volume of 89,781 shares traded.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.5%

The stock has a 50 day moving average of $14.10 and a 200 day moving average of $14.60.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.1257 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 10.8%.

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

Several large investors have recently added to or reduced their stakes in GBAB. Bank of America Corp DE boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 61.4% in the third quarter. Bank of America Corp DE now owns 372,899 shares of the investment management company’s stock worth $5,810,000 after purchasing an additional 141,835 shares during the period. Daymark Wealth Partners LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter valued at $1,429,000. Readystate Asset Management LP acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth $1,400,000. Sit Investment Associates Inc. raised its holdings 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 during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth about $549,000.

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.