StoneX Group Inc. Buys New Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $GBAB

StoneX Group Inc. purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 332,650 shares of the investment management company’s stock, valued at approximately $4,561,000.

Other institutional investors have also bought and sold shares of the company. Rivernorth Capital Management LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at $4,178,000. Bank of America Corp DE boosted its holdings in 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 worth $8,545,000 after acquiring an additional 53,498 shares during the last quarter. Venture Visionary Partners LLC boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock worth $2,234,000 after acquiring an additional 38,000 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter worth $417,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 22.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 108,792 shares of the investment management company’s stock worth $1,577,000 after acquiring an additional 19,815 shares in the last quarter.

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

Shares of GBAB stock opened at $13.07 on Friday. The firm has a 50-day moving average of $12.87 and a 200-day moving average of $14.05. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a one year low of $12.31 and a one year high of $15.73.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be issued a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a yield of 11.5%. This is a drop from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257. The ex-dividend date is Friday, November 13th.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol GBAB. The trust seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in taxable municipal securities and other investment-grade debt obligations.

Its portfolio may include taxable municipal bonds issued by states, municipalities, public authorities and other governmental entities, including Build America Bonds and similar securities.