International Assets Investment Management LLC Invests $262,000 in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

International Assets Investment Management LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,190 shares of the investment management company’s stock, valued at approximately $262,000.

Several other hedge funds also recently made changes to their positions in GBAB. Raymond James & Associates lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 27.8% in the fourth quarter. Raymond James & Associates now owns 154,383 shares of the investment management company’s stock valued at $2,499,000 after purchasing an additional 33,538 shares during the period. Cooper Financial Group lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.4% in the fourth quarter. Cooper Financial Group now owns 141,157 shares of the investment management company’s stock valued at $2,285,000 after purchasing an additional 10,977 shares during the period. Whittier Trust Co. lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 327.7% in the third quarter. Whittier Trust Co. now owns 57,759 shares of the investment management company’s stock valued at $898,000 after purchasing an additional 44,253 shares during the period. Bison Wealth LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.6% in the third quarter. Bison Wealth LLC now owns 43,673 shares of the investment management company’s stock valued at $679,000 after purchasing an additional 1,113 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in 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 during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of GBAB opened at $15.58 on Friday. The company has a 50-day moving average of $16.25 and a two-hundred day moving average of $16.03. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $14.22 and a 12-month high of $17.37.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.126 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.51 dividend on an annualized basis and a yield of 9.70%. This is a boost from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.