Guggenheim Taxabl Mncpl Mngd Drtn Trst (GBAB) Reaches New 1-Year Low at $20.00

Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.00 and last traded at $20.04, with a volume of 33696 shares changing hands. The stock had previously closed at $20.06.

The business also recently declared a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.126 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.51 annualized dividend and a dividend yield of 7.56%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 11.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,757 shares of the investment management company’s stock valued at $537,000 after purchasing an additional 2,566 shares during the period. Raymond James & Associates raised its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 4.8% during the 2nd quarter. Raymond James & Associates now owns 111,544 shares of the investment management company’s stock valued at $2,419,000 after purchasing an additional 5,096 shares during the period. Janney Montgomery Scott LLC raised its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 13.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 43,106 shares of the investment management company’s stock valued at $935,000 after purchasing an additional 5,173 shares during the period. Usca Ria LLC raised its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 6.8% during the 2nd quarter. Usca Ria LLC now owns 124,320 shares of the investment management company’s stock valued at $2,697,000 after purchasing an additional 7,925 shares during the period. Finally, Oxbow Advisors LLC acquired a new stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst during the 2nd quarter valued at $217,000.

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About Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB)

Guggenheim Taxable Municipal Managed Duration 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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