Commonwealth Equity Services LLC Cuts Stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Commonwealth Equity Services LLC trimmed its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,752 shares of the investment management company’s stock after selling 10,958 shares during the period. Commonwealth Equity Services LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GBAB. Janney Montgomery Scott LLC lifted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 85,149 shares of the investment management company’s stock valued at $1,294,000 after acquiring an additional 5,598 shares in the last quarter. Palacios Wealth Management LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at $163,000. Wolverine Asset Management LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at $842,000. Raymond James Financial Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth $3,625,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock worth $557,000 after purchasing an additional 2,916 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 3.1 %

Shares of NYSE GBAB opened at $15.13 on Friday. The firm has a 50-day simple moving average of $15.60 and a 200-day simple moving average of $15.97. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.53.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.1257 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.51 dividend on an annualized basis and a yield of 9.97%.

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.