Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.49 and traded as low as $15.33. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.35, with a volume of 325,383 shares traded.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Stock Performance

The stock has a 50-day moving average price of $15.51 and a 200-day moving average price of $16.49.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.1257 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date is Friday, February 14th.

Institutional Trading of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC increased its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 7.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 85,149 shares of the investment management company’s stock worth $1,294,000 after acquiring an additional 5,598 shares during the last quarter. Private Advisor Group LLC grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.3% in the third quarter. Private Advisor Group LLC now owns 25,927 shares of the investment management company’s stock worth $456,000 after purchasing an additional 2,418 shares in the last quarter. Raymond James & Associates grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 3.4% in the third quarter. Raymond James & Associates now owns 183,112 shares of the investment management company’s stock worth $3,219,000 after purchasing an additional 5,957 shares in the last quarter. Good Life Advisors LLC grew its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 75.9% in the third quarter. Good Life Advisors LLC now owns 18,530 shares of the investment management company’s stock worth $326,000 after purchasing an additional 7,995 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter worth about $189,000.

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.