Whipplewood Advisors LLC Makes New Investment in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Whipplewood Advisors LLC acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 55,157 shares of the investment management company’s stock, valued at approximately $838,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 85,149 shares of the investment management company’s stock worth $1,294,000 after purchasing an additional 5,598 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% during the 3rd quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock worth $456,000 after acquiring an additional 2,418 shares in the last quarter. Raymond James & Associates boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% during the 3rd quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock worth $3,219,000 after acquiring an additional 5,957 shares in the last quarter. Palacios Wealth Management LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at about $163,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth about $842,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB stock opened at $15.85 on Thursday. The business has a 50 day moving average price of $15.46 and a 200 day moving average price of $16.39. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.85 and a fifty-two week high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.1257 per share. This represents a $1.51 annualized dividend and a yield of 9.52%. The ex-dividend date is Friday, February 14th.

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.