Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Announces Monthly Dividend of $0.13

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBABGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.126 per share by the investment management company on Tuesday, April 30th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date is Friday, April 12th. This is an increase from Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust’s previous monthly dividend of $0.13.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

GBAB stock opened at $16.23 on Wednesday. The company’s 50 day moving average price is $16.49 and its 200 day moving average price is $15.96. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.22 and a fifty-two week high of $17.37.

Hedge Funds Weigh In On Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.4% in the third quarter. Morgan Stanley now owns 1,506,855 shares of the investment management company’s stock valued at $23,417,000 after purchasing an additional 103,346 shares during the last quarter. Bank of America Corp DE increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 5.3% in the first quarter. Bank of America Corp DE now owns 358,877 shares of the investment management company’s stock valued at $7,138,000 after purchasing an additional 17,976 shares during the last quarter. UBS Group AG increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.5% in the first quarter. UBS Group AG now owns 343,713 shares of the investment management company’s stock valued at $5,857,000 after purchasing an additional 11,466 shares during the last quarter. Invesco Ltd. increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 11.3% in the first quarter. Invesco Ltd. now owns 213,266 shares of the investment management company’s stock valued at $4,242,000 after purchasing an additional 21,598 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.7% in the first quarter. Raymond James & Associates now owns 165,027 shares of the investment management company’s stock valued at $3,282,000 after purchasing an additional 5,907 shares during the last quarter.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

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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.

See Also

Dividend History for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

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