Raymond James Financial Inc. Invests $3.63 Million in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Raymond James Financial Inc. bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 238,512 shares of the investment management company’s stock, valued at approximately $3,625,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Noble Wealth Management PBC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the fourth quarter worth $176,000. Whipplewood Advisors LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth about $838,000. Wolverine Asset Management LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth about $842,000. Palacios Wealth Management LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at about $163,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings 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 purchasing an additional 2,916 shares in the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.3 %

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock opened at $15.38 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $14.85 and a 12-month high of $18.53. The firm’s 50-day moving average is $15.60 and its two-hundred day moving average is $16.09.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

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

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.