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

Janney Montgomery Scott LLC grew its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 14.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,551 shares of the investment management company’s stock after acquiring an additional 10,035 shares during the period. Janney Montgomery Scott LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $1,399,000 at the end of the most recent quarter.

Several other institutional investors and 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 about $273,000. International Assets Investment Management LLC grew its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1,658.0% in the third quarter. International Assets Investment Management LLC now owns 17,580 shares of the investment management company’s stock valued at $3,090,000 after purchasing an additional 16,580 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 1st quarter worth approximately $252,000. Beam Wealth Advisors Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth approximately $218,000. Finally, Wolverine Asset Management LLC purchased a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at approximately $208,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

NYSE:GBAB opened at $15.98 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $15.11 and a 52 week high of $18.52. The company has a fifty day simple moving average of $17.14 and a two-hundred day simple moving average of $16.71.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.1257 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.51 annualized dividend and a yield of 9.44%.

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.