CoreCap Advisors LLC Raises Stock Holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

CoreCap Advisors LLC boosted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,515 shares of the investment management company’s stock after purchasing an additional 2,000 shares during the period. CoreCap Advisors LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.4% during the 3rd quarter. Morgan Stanley now owns 1,506,855 shares of the investment management company’s stock worth $23,417,000 after buying an additional 103,346 shares during the last quarter. Bank of America Corp DE increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 5.3% in the 1st quarter. Bank of America Corp DE now owns 358,877 shares of the investment management company’s stock valued at $7,138,000 after acquiring an additional 17,976 shares during the period. UBS Group AG increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.5% in the 1st quarter. UBS Group AG now owns 343,713 shares of the investment management company’s stock valued at $5,857,000 after acquiring an additional 11,466 shares during the period. Invesco Ltd. increased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.3% in the 1st quarter. Invesco Ltd. now owns 213,266 shares of the investment management company’s stock valued at $4,242,000 after acquiring an additional 21,598 shares during the period. Finally, Raymond James & Associates increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.7% during the 1st quarter. Raymond James & Associates now owns 165,027 shares of the investment management company’s stock valued at $3,282,000 after purchasing an additional 5,907 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Up 0.2 %

Shares of GBAB stock opened at $16.40 on Thursday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $14.22 and a 1 year high of $17.44. The business’s fifty day moving average is $16.50 and its 200-day moving average is $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a dividend yield of 9.20%. The ex-dividend date of this dividend is Thursday, March 14th.

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.