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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.1257 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Friday, August 14th.

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

GBAB opened at $13.86 on Tuesday. The company has a 50 day moving average of $14.09 and a two-hundred day moving average of $14.53. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52-week low of $13.51 and a 52-week high of $15.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at approximately $35,000. Kestra Advisory Services LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter worth $90,000. Invictus Private Wealth LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% in the 4th quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,624 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at about $189,000. Finally, Integrity Wealth Partners LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the first quarter worth about $254,000.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.