LaSalle St. Investment Advisors LLC Takes Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

LaSalle St. Investment Advisors LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 19,939 shares of the investment management company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cohen & Steers Inc. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $152,000. Palacios Wealth Management LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter valued at $163,000. Noble Wealth Management PBC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter valued at $176,000. HighTower Advisors LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 21.4% in the fourth quarter. HighTower Advisors LLC now owns 14,384 shares of the investment management company’s stock valued at $219,000 after acquiring an additional 2,534 shares during the period. Finally, Intellus Advisors LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the fourth quarter worth about $234,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Up 2.1 %

NYSE GBAB opened at $14.89 on Tuesday. The company has a 50-day moving average price of $15.46 and a 200-day moving average price of $15.78. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.35 and a 52 week high of $18.53.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1257 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.51 dividend on an annualized basis and a yield of 10.13%.

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.