Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.60 and traded as low as $13.89. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $13.92, with a volume of 89,781 shares trading hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.5%

The company’s 50 day moving average is $14.10 and its 200-day moving average is $14.60.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.1257 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Daymark Wealth Partners LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at approximately $1,429,000. Sit Investment Associates Inc. raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock valued at $10,392,000 after purchasing an additional 74,078 shares in the last quarter. Bison Wealth LLC raised its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.1% in the 4th quarter. Bison Wealth LLC now owns 56,612 shares of the investment management company’s stock valued at $861,000 after purchasing an additional 4,237 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at approximately $35,000. Finally, Bank of America Corp DE boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during the 1st quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after buying an additional 53,498 shares during the last quarter.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.