Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Position Increased by Raymond James & Associates

Raymond James & Associates increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 27.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 154,383 shares of the investment management company’s stock after buying an additional 33,538 shares during the quarter. Raymond James & Associates’ holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $2,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 39,278 shares of the investment management company’s stock worth $657,000 after acquiring an additional 1,351 shares in the last quarter. NBC Securities Inc. bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter valued at about $136,000. Whittier Trust Co. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 327.7% during the third quarter. Whittier Trust Co. now owns 57,759 shares of the investment management company’s stock valued at $898,000 after buying an additional 44,253 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 164.4% during the third quarter. Commonwealth Equity Services LLC now owns 32,737 shares of the investment management company’s stock valued at $509,000 after buying an additional 20,357 shares in the last quarter. Finally, Bison Wealth LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.6% during the third quarter. Bison Wealth LLC now owns 43,673 shares of the investment management company’s stock valued at $679,000 after buying an additional 1,113 shares in the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

NYSE GBAB opened at $15.72 on Tuesday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.22 and a fifty-two week high of $17.37. The stock’s 50-day moving average is $16.40 and its two-hundred day moving average is $16.01.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.126 per share. This is a positive change from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13. This represents a $1.51 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend is Friday, April 12th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States.