Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $12.93 and traded as high as $12.99. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $12.96, with a volume of 263,053 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 1.7%

The stock’s 50-day moving average price is $12.93 and its 200-day moving average price is $14.09.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a dividend of $0.1257 per share. This represents a $1.51 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend was Thursday, October 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in the first 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 in the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth $4,178,000. Cooper Financial Group raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.4% in the second quarter. Cooper Financial Group now owns 164,368 shares of the investment management company’s stock valued at $2,377,000 after purchasing an additional 6,872 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock valued at $2,234,000 after purchasing an additional 38,000 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 22.3% in the first quarter. Janney Montgomery Scott LLC now owns 108,792 shares of the investment management company’s stock valued at $1,577,000 after purchasing an additional 19,815 shares during the last quarter.

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.