Oppenheimer & Co. Inc. Takes $613,000 Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Oppenheimer & Co. Inc. bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 34,846 shares of the investment management company’s stock, valued at approximately $613,000.

Several other institutional investors and hedge funds have also bought and sold shares of GBAB. Fairscale Capital LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth about $34,000. Sanctuary Advisors LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter worth $189,000. Wolverine Asset Management LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter valued at approximately $208,000. Beam Wealth Advisors Inc. bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter valued at about $218,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter worth approximately $252,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock opened at $15.64 on Thursday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a twelve month low of $15.39 and a twelve month high of $18.52. The company’s 50-day moving average price is $16.94 and its 200-day moving average price is $16.71.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 9.65%.

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.