Schnieders Capital Management LLC Trims Stock Holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Schnieders Capital Management LLC decreased its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 50.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,750 shares of the investment management company’s stock after selling 14,200 shares during the quarter. Schnieders Capital Management LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Trust Co. bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $39,000. NBC Securities Inc. acquired a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter worth about $136,000. CoreCap Advisors LLC lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.8% in the 4th quarter. CoreCap Advisors LLC now owns 15,515 shares of the investment management company’s stock valued at $251,000 after buying an additional 2,000 shares during the period. Significant Wealth Partners LLC acquired a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at about $251,000. Finally, International Assets Investment Management LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter worth about $262,000.

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

Shares of GBAB traded down $0.04 during midday trading on Wednesday, reaching $15.65. The company had a trading volume of 53,570 shares, compared to its average volume of 65,250. The firm has a 50 day simple moving average of $16.29 and a 200-day simple moving average of $16.03. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1-year low of $14.22 and a 1-year high of $17.37.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a $0.126 dividend. This represents a $1.51 annualized dividend and a yield of 9.66%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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.