Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $15.12 and traded as high as $15.39. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.3350, with a volume of 80,029 shares.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

The stock has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $15.32.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.1257 dividend. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Friday, February 13th.

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

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 61.4% in the 3rd quarter. Bank of America Corp DE now owns 372,899 shares of the investment management company’s stock worth $5,810,000 after buying an additional 141,835 shares in the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter worth about $1,429,000. Whipplewood Advisors LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 308,682.4% in the second quarter. Whipplewood Advisors LLC now owns 52,493 shares of the investment management company’s stock worth $789,000 after acquiring an additional 52,476 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at about $549,000. Finally, Invesco Ltd. grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.9% during the 2nd quarter. Invesco Ltd. now owns 229,223 shares of the investment management company’s stock valued at $3,448,000 after purchasing an additional 34,845 shares in 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.