Janney Montgomery Scott LLC Raises Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Janney Montgomery Scott LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 85,149 shares of the investment management company’s stock after purchasing an additional 5,598 shares during the period. Janney Montgomery Scott LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $1,294,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Raymond James & Associates boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% during the third quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock worth $3,219,000 after buying an additional 5,957 shares during the period. Fiera Capital Corp grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.9% during the third quarter. Fiera Capital Corp now owns 113,402 shares of the investment management company’s stock worth $1,994,000 after purchasing an additional 4,249 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 4.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 95,092 shares of the investment management company’s stock valued at $1,672,000 after acquiring an additional 3,768 shares during the last quarter. Xcel Wealth Management LLC raised its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.6% during the third quarter. Xcel Wealth Management LLC now owns 71,521 shares of the investment management company’s stock worth $1,257,000 after purchasing an additional 4,450 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter worth $613,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

GBAB stock opened at $15.68 on Wednesday. The business has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $16.50. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $14.85 and a twelve month high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.1257 dividend. This represents a $1.51 annualized dividend and a dividend yield of 9.62%. 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.