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

Schnieders Capital Management LLC trimmed its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 50.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,750 shares of the investment management company’s stock after selling 14,200 shares during the period. 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.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 164.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 32,737 shares of the investment management company’s stock valued at $509,000 after acquiring an additional 20,357 shares in the last quarter. Cambridge Trust Co. purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at $39,000. Whittier Trust Co. lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 327.7% during the 3rd quarter. Whittier Trust Co. now owns 57,759 shares of the investment management company’s stock valued at $898,000 after purchasing an additional 44,253 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at $136,000. Finally, Bison Wealth LLC lifted its holdings in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.6% during the 3rd quarter. Bison Wealth LLC now owns 43,673 shares of the investment management company’s stock valued at $679,000 after purchasing an additional 1,113 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

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

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Increases Dividend

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

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.