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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.23 and traded as low as $15.08. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.22, with a volume of 165,598 shares.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

The business’s 50-day simple moving average is $15.52 and its two-hundred day simple moving average is $15.23.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Friday, November 14th.

Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of large investors have recently made changes to their positions in the stock. StoneX Group Inc. lifted its holdings 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 worth $2,088,000 after acquiring an additional 752 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.4% in the second quarter. Stratos Wealth Partners LTD. now owns 12,911 shares of the investment management company’s stock worth $194,000 after buying an additional 1,000 shares during the last quarter. Cooper Financial Group lifted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 0.8% during the 2nd quarter. Cooper Financial Group now owns 128,458 shares of the investment management company’s stock valued at $1,932,000 after acquiring an additional 1,081 shares during the period. Intellus Advisors LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.2% in the 2nd quarter. Intellus Advisors LLC now owns 18,806 shares of the investment management company’s stock worth $283,000 after purchasing an additional 1,433 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 95,753 shares of the investment management company’s stock worth $1,440,000 after acquiring an additional 1,474 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

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.