Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $12.93 and traded as high as $12.99. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $12.96, with a volume of 263,053 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 1.7%

The business’s 50-day simple moving average is $12.93 and its two-hundred day simple moving average is $14.09.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were given a $0.1257 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $1.51 annualized dividend and a dividend yield of 11.6%.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,635 shares of the investment management company’s stock valued at $605,000 after acquiring an additional 3,077 shares during the period. MGO One Seven LLC lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.3% during the third quarter. MGO One Seven LLC now owns 27,383 shares of the investment management company’s stock worth $341,000 after acquiring an additional 3,424 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.4% during the third quarter. Fortitude Advisory Group L.L.C. now owns 30,294 shares of the investment management company’s stock worth $377,000 after acquiring an additional 6,709 shares in the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock worth $2,234,000 after acquiring an additional 38,000 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.5% in the third quarter. Cooper Financial Group now owns 179,970 shares of the investment management company’s stock worth $2,239,000 after acquiring an additional 15,602 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.