Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Cross Below 200 Day Moving Average – Time to Sell?

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.68 and traded as low as $15.55. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.63, with a volume of 109,807 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.3 %

The stock’s 50-day simple moving average is $16.26 and its 200 day simple moving average is $16.68.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.1257 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% during the third quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after acquiring an additional 2,418 shares during the last quarter. Beam Wealth Advisors Inc. bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at $218,000. Janney Montgomery Scott LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.4% during the third quarter. Janney Montgomery Scott LLC now owns 79,551 shares of the investment management company’s stock valued at $1,399,000 after acquiring an additional 10,035 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at $208,000. Finally, Good Life Advisors LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% during the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock valued at $326,000 after acquiring an additional 7,995 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 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.