Rivernorth Capital Management LLC Takes $4.18 Million Position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $GBAB

Rivernorth Capital Management LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 288,901 shares of the investment management company’s stock, valued at approximately $4,178,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter valued at about $35,000. Kestra Advisory Services LLC purchased a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at about $90,000. Invictus Private Wealth LLC increased its stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 14.9% in the 4th quarter. Invictus Private Wealth LLC now owns 12,506 shares of the investment management company’s stock valued at $187,000 after buying an additional 1,624 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth approximately $189,000. Finally, Integrity Wealth Partners LLC purchased a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 1st quarter worth approximately $254,000.

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

GBAB stock opened at $13.81 on Monday. The business has a 50 day moving average of $14.03 and a 200-day moving average of $14.37. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $13.51 and a 12-month high of $15.94.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.1257 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Friday, August 14th.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Profile

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end management investment company organized as a statutory trust. The trust’s shares trade on the New York Stock Exchange, offering investors access to a diversified portfolio of taxable municipal securities and high-quality corporate debt instruments. As an externally managed vehicle, GBAB provides market participants with a convenient way to seek income and potential capital appreciation through a single exchange-listed security.

The fund’s primary investment strategy focuses on taxable municipal bonds issued by state and local governments across the United States.