Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) Stock Price Passes Below Fifty Day Moving Average of $23.73

Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $23.73 and traded as low as $23.52. Guggenheim Taxabl Mncpl Mngd Drtn Trst shares last traded at $23.58, with a volume of 968 shares.

The firm’s 50 day moving average price is $23.71 and its 200-day moving average price is $24.02.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.1257 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.51 annualized dividend and a dividend yield of 6.40%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 12.5% during the second quarter. Bank of America Corp DE now owns 542,248 shares of the investment management company’s stock worth $13,009,000 after buying an additional 60,408 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 19.3% during the second quarter. Wells Fargo & Company MN now owns 152,417 shares of the investment management company’s stock worth $3,656,000 after buying an additional 24,661 shares in the last quarter. Invesco Ltd. boosted its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 2.1% during the second quarter. Invesco Ltd. now owns 113,736 shares of the investment management company’s stock worth $2,729,000 after buying an additional 2,334 shares in the last quarter. Cetera Advisors LLC boosted its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 7.7% during the third quarter. Cetera Advisors LLC now owns 61,004 shares of the investment management company’s stock worth $1,460,000 after buying an additional 4,348 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Guggenheim Taxabl Mncpl Mngd Drtn Trst by 3.6% during the second quarter. Royal Bank of Canada now owns 60,164 shares of the investment management company’s stock worth $1,443,000 after buying an additional 2,110 shares in the last quarter.

Guggenheim Taxabl Mncpl Mngd Drtn Trst Company Profile (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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