Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stake Lowered by JBR Co Financial Management Inc

JBR Co Financial Management Inc reduced its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 32,497 shares of the investment management company’s stock after selling 3,020 shares during the period. JBR Co Financial Management Inc’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Palacios Wealth Management LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $163,000. Virtu Financial LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at $240,000. Private Advisor Group LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% during the 3rd quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 2,418 shares in the last quarter. Invictus Private Wealth LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.5% in the 3rd quarter. Invictus Private Wealth LLC now owns 26,762 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 658 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 2,916 shares during the last quarter.

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

GBAB stock opened at $15.59 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $14.85 and a 1 year high of $18.52. The company has a fifty day simple moving average of $15.45 and a 200 day simple moving average of $16.42.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.1257 dividend. This represents a $1.51 annualized dividend and a dividend yield of 9.68%. The ex-dividend date of this dividend is Friday, February 14th.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States.