Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Declares Monthly Dividend of $0.13

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.1257 per share by the investment management company on Monday, November 30th. This represents a $1.51 annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, November 13th. This is a 0.0% decrease from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of NYSE GBAB opened at $12.96 on Tuesday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $12.31 and a twelve month high of $15.73. The stock’s 50 day moving average price is $12.93 and its 200-day moving average price is $14.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GBAB. Bank of America Corp DE grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the 1st quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after purchasing an additional 53,498 shares during the period. Rivernorth Capital Management LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth about $4,178,000. Cooper Financial Group boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% in the 2nd quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock worth $2,377,000 after buying an additional 6,872 shares during the last quarter. Venture Visionary Partners LLC grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% during 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 during the period. Finally, Janney Montgomery Scott LLC grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 22.3% during the first quarter. Janney Montgomery Scott LLC now owns 108,792 shares of the investment management company’s stock valued at $1,577,000 after buying an additional 19,815 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company 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.