Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,551 shares of the investment management company’s stock after buying an additional 10,035 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $1,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% in the 3rd quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock worth $3,219,000 after buying an additional 5,957 shares during the last quarter. Cooper Financial Group boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the second quarter. Cooper Financial Group now owns 141,398 shares of the investment management company’s stock worth $2,248,000 after acquiring an additional 11,178 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.1% during the third quarter. Farther Finance Advisors LLC now owns 95,092 shares of the investment management company’s stock worth $1,672,000 after purchasing an additional 3,768 shares in the last quarter. Xcel Wealth Management LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.6% in the 3rd quarter. Xcel Wealth Management LLC now owns 71,521 shares of the investment management company’s stock valued at $1,257,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% in the 3rd quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after purchasing an additional 2,418 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE:GBAB opened at $15.98 on Friday. The company’s 50-day moving average price is $17.14 and its 200-day moving average price is $16.71. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $15.11 and a twelve month high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.1257 per share. The ex-dividend date is Friday, November 15th. This represents a $1.51 dividend on an annualized basis and a yield of 9.44%.

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.