Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Shares Break Below Fifty Day Moving Average – Here’s What Happened

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $12.84 and traded as low as $12.76. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $12.8150, with a volume of 155,690 shares changing hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 2.2%

The company’s 50 day moving average price is $12.84 and its 200 day moving average price is $14.03.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.1257 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 11.8%. This is a negative change from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.1257. The ex-dividend date is Friday, November 13th.

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

A number of institutional investors have recently added to or reduced their stakes in GBAB. StoneX Group Inc. purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 3rd quarter valued at approximately $4,561,000. Rivernorth Capital Management LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 2nd quarter valued at approximately $4,178,000. Bank of America Corp DE boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.0% in 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 buying an additional 53,498 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 26.8% in the third quarter. Venture Visionary Partners LLC now owns 179,622 shares of the investment management company’s stock valued at $2,234,000 after buying an additional 38,000 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the first quarter valued at approximately $417,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol GBAB. The trust seeks to provide current income and, to a lesser extent, capital appreciation by investing primarily in taxable municipal securities and other investment-grade debt obligations. Its portfolio may include taxable municipal bonds issued by states, municipalities, public authorities and other governmental entities, including Build America Bonds and similar securities.