HighTower Advisors LLC Lowers Holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

HighTower Advisors LLC lessened its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,850 shares of the investment management company’s stock after selling 1,299 shares during the quarter. HighTower Advisors LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $208,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. WMG Financial Advisors LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth $273,000. Wolverine Asset Management LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth about $208,000. Beam Wealth Advisors Inc. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at about $218,000. Fairscale Capital LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at about $34,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 40.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,683 shares of the investment management company’s stock worth $361,000 after purchasing an additional 6,491 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

GBAB stock opened at $15.22 on Thursday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.52. The firm has a 50-day simple moving average of $16.00 and a 200-day simple moving average of $16.64.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.1257 dividend. The ex-dividend date is Friday, December 13th.

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.