WMG Financial Advisors LLC Decreases Stock Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

WMG Financial Advisors LLC cut its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) by 21.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,050 shares of the investment management company’s stock after selling 4,200 shares during the period. WMG Financial Advisors LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $229,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Palacios Wealth Management LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $163,000. Noble Wealth Management PBC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 4th quarter valued at $176,000. Virtu Financial LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 3rd quarter valued at $240,000. Private Advisor Group LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% during the 3rd quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock valued at $456,000 after buying an additional 2,418 shares during the last quarter. Finally, Invictus Private Wealth LLC raised its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2.5% during the 3rd quarter. Invictus Private Wealth LLC now owns 26,762 shares of the investment management company’s stock valued at $470,000 after buying an additional 658 shares during the last quarter.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

Shares of GBAB stock opened at $15.89 on Tuesday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 1 year low of $14.85 and a 1 year high of $18.53. The firm has a fifty day moving average price of $15.53 and a 200-day moving average price of $16.34.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.1257 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date was Friday, February 14th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Company 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.