Intellus Advisors LLC Makes New $234,000 Investment in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

Intellus Advisors LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) in the 4th quarter, HoldingsChannel reports. The firm purchased 15,418 shares of the investment management company’s stock, valued at approximately $234,000.

Several other hedge funds have also recently added to or reduced their stakes in GBAB. Virtu Financial LLC grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 28.0% during the 4th quarter. Virtu Financial LLC now owns 17,497 shares of the investment management company’s stock worth $266,000 after buying an additional 3,832 shares during the period. HighTower Advisors LLC grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 21.4% during the 4th quarter. HighTower Advisors LLC now owns 14,384 shares of the investment management company’s stock worth $219,000 after buying an additional 2,534 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth approximately $3,625,000. Noble Wealth Management PBC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth approximately $176,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter worth approximately $838,000.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Down 0.1 %

Shares of GBAB stock opened at $15.45 on Friday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 52 week low of $14.85 and a 52 week high of $18.53. The firm has a 50 day moving average of $15.61 and a 200-day moving average of $16.16.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.1257 dividend. This represents a $1.51 annualized dividend and a yield of 9.77%. The ex-dividend date of this dividend is Friday, March 14th.

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.