Intellus Advisors LLC Makes New $234,000 Investment in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Intellus Advisors LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,418 shares of the investment management company’s stock, valued at approximately $234,000.

A number of other large investors have also recently bought and sold shares of GBAB. Raymond James Financial Inc. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at approximately $3,625,000. Janney Montgomery Scott LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 85,149 shares of the investment management company’s stock valued at $1,294,000 after purchasing an additional 5,598 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at approximately $842,000. Whipplewood Advisors LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at approximately $838,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 2,916 shares in the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB opened at $15.45 on Friday. The company’s 50 day moving average is $15.61 and its 200-day moving average is $16.16. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $14.85 and a 1-year high of $18.53.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.1257 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.77%.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company 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.