Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Share Price Passes Below 200-Day Moving Average – Here’s Why

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.48 and traded as low as $14.01. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $14.08, with a volume of 109,037 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.3%

The stock has a fifty day simple moving average of $14.09 and a 200-day simple moving average of $14.47.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.1257 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Friday, August 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the fourth quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after purchasing an additional 74,078 shares during the period. Bank of America Corp DE grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the 1st quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after buying an additional 53,498 shares during the period. LPL Financial LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the 4th quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock valued at $6,690,000 after buying an additional 29,220 shares during the period. Invesco Ltd. increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% in the 3rd quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock valued at $3,678,000 after buying an additional 6,879 shares in the last quarter. Finally, Cooper Financial Group increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% in the 2nd quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock valued at $2,377,000 after buying an additional 6,872 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.