Regatta Capital Group LLC Reduces Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Regatta Capital Group LLC lowered its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 29.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,692 shares of the investment management company’s stock after selling 9,748 shares during the period. Regatta Capital Group LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GBAB. B. Riley Wealth Advisors Inc. grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 40.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,683 shares of the investment management company’s stock valued at $361,000 after purchasing an additional 6,491 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth about $189,000. Good Life Advisors LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% in the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock valued at $326,000 after buying an additional 7,995 shares during the last quarter. Raymond James & Associates increased its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% in the 3rd 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. Finally, Xcel Wealth Management LLC raised its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 6.6% during the 3rd quarter. Xcel Wealth Management LLC now owns 71,521 shares of the investment management company’s stock worth $1,257,000 after buying an additional 4,450 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

Shares of NYSE GBAB opened at $15.38 on Friday. The company has a 50 day simple moving average of $15.53 and a two-hundred day simple moving average of $16.53. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12 month low of $14.85 and a 12 month high of $18.52.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.1257 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.51 dividend on an annualized basis 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.