Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) to Distribute Monthly Dividend of $0.13 on July 31st

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1257 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Trading Down 0.1%

GBAB opened at $14.32 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12 month low of $13.51 and a 12 month high of $15.94. The business’s 50-day moving average price is $14.16 and its 200-day moving average price is $14.69.

Institutional Investors Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.9% in the 4th quarter. Sit Investment Associates Inc. now owns 696,506 shares of the investment management company’s stock worth $10,392,000 after acquiring an additional 74,078 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% during the first quarter. Bank of America Corp DE now owns 589,291 shares of the investment management company’s stock valued at $8,545,000 after acquiring an additional 53,498 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% during the fourth quarter. LPL Financial LLC now owns 448,415 shares of the investment management company’s stock worth $6,690,000 after purchasing an additional 29,220 shares during the period. Invesco Ltd. boosted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.0% during the third quarter. Invesco Ltd. now owns 236,102 shares of the investment management company’s stock worth $3,678,000 after purchasing an additional 6,879 shares during the period. Finally, Cooper Financial Group grew its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.0% in the fourth quarter. Cooper Financial Group now owns 154,826 shares of the investment management company’s stock worth $2,310,000 after purchasing an additional 15,306 shares during the last quarter.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.

The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.