Invictus Private Wealth LLC Boosts Stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Invictus Private Wealth LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 26,762 shares of the investment management company’s stock after purchasing an additional 658 shares during the quarter. Invictus Private Wealth LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Fairscale Capital LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth $34,000. Sanctuary Advisors LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth $189,000. Wolverine Asset Management LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth $208,000. Beam Wealth Advisors Inc. acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth $218,000. Finally, Benedetti & Gucer Inc. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.0% during the first quarter. Benedetti & Gucer Inc. now owns 14,186 shares of the investment management company’s stock worth $231,000 after purchasing an additional 800 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 1.3 %

Shares of GBAB stock opened at $16.24 on Wednesday. The stock has a fifty day moving average price of $17.35 and a 200 day moving average price of $16.69. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $14.84 and a 1 year high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.1257 per share. The ex-dividend date is Friday, November 15th. This represents a $1.51 annualized dividend and a yield of 9.29%.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust 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.