AE Wealth Management LLC Purchases 6,970 Shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB)

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AE Wealth Management LLC boosted its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBABGet Rating) by 66.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,410 shares of the investment management company’s stock after purchasing an additional 6,970 shares during the quarter. AE Wealth Management LLC’s holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 2,580.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,449 shares of the investment management company’s stock worth $105,000 after buying an additional 4,283 shares in the last quarter. Ahrens Investment Partners LLC bought a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter valued at about $119,000. Good Life Advisors LLC purchased a new stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in the 4th quarter worth approximately $222,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 23.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,478 shares of the investment management company’s stock valued at $225,000 after purchasing an additional 1,770 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust by 10.4% during the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 13,750 shares of the investment management company’s stock worth $263,000 after buying an additional 1,300 shares during the period.

Shares of NYSE:GBAB opened at $18.20 on Tuesday. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust has a 12-month low of $16.99 and a 12-month high of $25.34. The business’s fifty day simple moving average is $18.28 and its 200-day simple moving average is $19.74.

The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be paid a $0.1257 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $1.51 annualized dividend and a yield of 8.29%.

About Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (Get Rating)

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.

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