Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.68 and traded as low as $15.55. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust shares last traded at $15.63, with a volume of 109,807 shares trading hands.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Price Performance

The business has a 50-day moving average of $16.23 and a 200 day moving average of $16.68.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1257 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the third quarter worth about $613,000. WMG Financial Advisors LLC bought a new stake in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust during the 2nd quarter worth approximately $273,000. International Assets Investment Management LLC raised its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 1,658.0% in the third quarter. International Assets Investment Management LLC now owns 17,580 shares of the investment management company’s stock worth $3,090,000 after purchasing an additional 16,580 shares during the last quarter. Beam Wealth Advisors Inc. purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the second quarter worth approximately $218,000. Finally, Virtu Financial LLC bought a new position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the third quarter valued at approximately $240,000.

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.