NBC Securities Inc. Trims Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

NBC Securities Inc. lowered its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,352 shares of the investment management company’s stock after selling 856 shares during the quarter. NBC Securities Inc.’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cooper Financial Group grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the 2nd quarter. Cooper Financial Group now owns 141,398 shares of the investment management company’s stock valued at $2,248,000 after buying an additional 11,178 shares during the period. Whittier Trust Co. grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 105.7% in the first quarter. Whittier Trust Co. now owns 119,422 shares of the investment management company’s stock worth $1,941,000 after acquiring an additional 61,352 shares during the period. Xcel Wealth Management LLC increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 9.4% during the second quarter. Xcel Wealth Management LLC now owns 67,071 shares of the investment management company’s stock worth $1,066,000 after acquiring an additional 5,778 shares during the last quarter. Private Portfolio Partners LLC lifted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.1% in the 1st quarter. Private Portfolio Partners LLC now owns 37,716 shares of the investment management company’s stock valued at $613,000 after purchasing an additional 11,721 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 33,952 shares of the investment management company’s stock worth $552,000 after purchasing an additional 930 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of GBAB opened at $16.86 on Friday. The company’s 50-day moving average price is $17.61 and its 200 day moving average price is $16.64. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $14.22 and a 12-month high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.1257 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.51 annualized dividend and a dividend yield of 8.95%.

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.