Cooper Financial Group Cuts Stock Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Cooper Financial Group reduced its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,220 shares of the investment management company’s stock after selling 10,937 shares during the period. Cooper Financial Group’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $2,116,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 27.8% during the 4th quarter. Raymond James & Associates now owns 154,383 shares of the investment management company’s stock worth $2,499,000 after acquiring an additional 33,538 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the fourth quarter valued at $899,000. Bison Wealth LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 19.1% in the fourth quarter. Bison Wealth LLC now owns 52,016 shares of the investment management company’s stock worth $842,000 after acquiring an additional 8,343 shares during the last quarter. Walker Asset Management LLC boosted its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1.7% in the first quarter. Walker Asset Management LLC now owns 47,113 shares of the investment management company’s stock valued at $766,000 after acquiring an additional 800 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 39,278 shares of the investment management company’s stock valued at $657,000 after purchasing an additional 1,351 shares during the period.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

NYSE GBAB traded down $0.19 during trading hours on Friday, hitting $15.86. The company had a trading volume of 72,533 shares, compared to its average volume of 61,284. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a fifty-two week low of $14.22 and a fifty-two week high of $17.14. The business has a fifty day simple moving average of $15.98 and a 200-day simple moving average of $16.26.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.126 per share. This represents a $1.51 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date is Friday, June 14th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Profile

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.