Key Points
- Portfolio Manager Allen Li purchased 1,000 GBAB shares at an average price of $13.59, bringing his direct holdings to 1,000 shares.
- GBAB declared a monthly dividend of $0.1257 per share, payable September 30 to shareholders of record September 15; the indicated dividend yield is 11.1%.
- Shares opened at $13.59, near the fund’s 52-week low of $13.51 and below its 50-day and 200-day moving averages of $13.93 and $14.27, respectively.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB - Get Free Report) Portfolio Manager Allen Li bought 1,000 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were acquired at an average cost of $13.59 per share, with a total value of $13,590.00. Following the purchase, the portfolio manager directly owned 1,000 shares of the company's stock, valued at approximately $13,590. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance
Shares of GBAB opened at $13.59 on Thursday. The business's 50 day moving average price is $13.93 and its 200-day moving average price is $14.27. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $13.51 and a 52 week high of $15.94.
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1257 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.1%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter worth approximately $35,000. Kestra Advisory Services LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter valued at approximately $90,000. Invictus Private Wealth LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% in the 4th quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company's stock worth $187,000 after acquiring an additional 1,624 shares during the last quarter. Jane Street Group LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth approximately $189,000. Finally, Integrity Wealth Partners LLC bought a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter valued at approximately $254,000.
About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
(
Get Free Report)
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.
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