Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Share Price Passes Below Two Hundred Day Moving Average of $15.78

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.78 and traded as low as $15.11. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.36, with a volume of 53,711 shares.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

The business’s 50-day simple moving average is $15.16 and its 200-day simple moving average is $15.78.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a $0.1257 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.51 dividend on an annualized basis and a yield of 9.79%.

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

A number of institutional investors have recently bought and sold shares of the stock. Belpointe Asset Management LLC grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 45.5% during the first quarter. Belpointe Asset Management LLC now owns 2,237 shares of the investment management company’s stock worth $38,000 after buying an additional 700 shares during the period. Cambridge Trust Co. purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter worth approximately $39,000. RVW Wealth LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter worth approximately $124,000. NBC Securities Inc. purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter worth approximately $136,000. Finally, Cetera Investment Advisers purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the second quarter worth approximately $168,000.

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.