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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.17 and traded as high as $15.18. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.04, with a volume of 112,481 shares.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 1.5%

The company’s fifty day moving average price is $15.17 and its 200-day moving average price is $15.31.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.1257 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Large investors have recently made changes to their positions in the stock. Bison Wealth LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% in the 4th quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock worth $861,000 after acquiring an additional 4,237 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1.6% in the second quarter. Janney Montgomery Scott LLC now owns 95,753 shares of the investment management company’s stock valued at $1,440,000 after purchasing an additional 1,474 shares during the period. Cooper Financial Group raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 0.8% in the second quarter. Cooper Financial Group now owns 128,458 shares of the investment management company’s stock worth $1,932,000 after purchasing an additional 1,081 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth about $151,000. Finally, Stratos Wealth Partners LTD. boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.4% in the second quarter. Stratos Wealth Partners LTD. now owns 12,911 shares of the investment management company’s stock valued at $194,000 after buying an additional 1,000 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.