Daymark Wealth Partners LLC Makes New Investment in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $GBAB

Daymark Wealth Partners LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 95,780 shares of the investment management company’s stock, valued at approximately $1,429,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE raised its position in shares of 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 during the period. Balyasny Asset Management L.P. acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter valued at $549,000. Invesco Ltd. grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 17.9% during the second quarter. Invesco Ltd. now owns 229,223 shares of the investment management company’s stock valued at $3,448,000 after acquiring an additional 34,845 shares during the period. Morse Asset Management Inc purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter valued at about $379,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter worth about $321,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of NYSE:GBAB opened at $14.52 on Thursday. The business has a 50-day moving average of $15.14 and a two-hundred day moving average of $15.28. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12 month low of $14.20 and a 12 month high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend is Friday, March 13th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust 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.