Raymond James Financial Inc. Takes Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Raymond James Financial Inc. purchased 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 SEC. The institutional investor purchased 238,512 shares of the investment management company’s stock, valued at approximately $3,625,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings 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 purchasing an additional 5,598 shares during the period. 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. Whipplewood Advisors LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at $838,000. Dynamic Advisor Solutions LLC increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 8.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 36,627 shares of the investment management company’s stock valued at $557,000 after buying an additional 2,916 shares during the period. Finally, Virtu Financial LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter worth $240,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB stock opened at $15.38 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a one year low of $14.85 and a one year high of $18.53. The company has a fifty day moving average of $15.60 and a 200-day moving average of $16.09.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.1257 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date is Friday, March 14th.

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.