Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) shares 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 traded.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

The firm has a fifty day moving average of $15.12 and a 200-day moving average of $15.32.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

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

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in GBAB. Bank of America Corp DE boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 61.4% in the third quarter. Bank of America Corp DE now owns 372,899 shares of the investment management company’s stock valued at $5,810,000 after acquiring an additional 141,835 shares in the last quarter. Invesco Ltd. boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% during the 3rd quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock valued at $3,678,000 after purchasing an additional 6,879 shares in the last quarter. Cooper Financial Group increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.0% during the 4th quarter. Cooper Financial Group now owns 154,826 shares of the investment management company’s stock valued at $2,310,000 after purchasing an additional 15,306 shares during the period. StoneX Group Inc. increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 0.5% during the 2nd quarter. StoneX Group Inc. now owns 138,843 shares of the investment management company’s stock valued at $2,088,000 after purchasing an additional 752 shares during the period. Finally, Daymark Wealth Partners LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter worth $1,429,000.

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.