Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
31 hedge funds and large institutions have $70.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 4 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
16% more capital invested
Capital invested by funds: $61.1M → $70.7M (+$9.55M)
1.12% more ownership
Funds ownership: 9.83% → 10.95% (+1.1%)
0% more funds holding
Funds holding: 31 → 31 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.76M |
| 2 |
UR
USCA RIA
Houston,
Texas
|
+$772K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$633K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$588K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$350K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$575K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$356K |
| 3 |
PFPT
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
|
-$242K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$202K |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$77.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $30K | – | – | – |
|
|
MFW
27
Mosaic Family Wealth
St. Louis,
Missouri
| $26K | – | – | – |
|
|
BFEC
28
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $12K | -$11.2K | -500 | -50% |
|
29
Creative Planning
Overland Park,
Kansas
| $7K | – | – | – |
|
|
AIG
30
American International Group
New York
| $5K | – | – | – |
|
|
GWM
31
Geneos Wealth Management
Englewood,
Colorado
| $5K | +$5.04K | +225 | New |
|
|
PCM
32
Penserra Capital Management
Orinda,
California
| $4 | -$291 | -13 | -7% |
|
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$356K | -16,712 | Closed |
|
|
PFPT
34
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
| – | -$242K | -11,365 | Closed |
|
|
RFA
35
Reilly Financial Advisors
La Mesa,
California
| – | -$21K | -1,000 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$9K | -400 | Closed |
|
GBAB Hedge Fund Activity: Q1 2016 in Review
31 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2016, worth a combined $70.7M — up 16% from $61.1M a quarter earlier.
Fund positioning in GBAB was balanced in Q1 2016: 4 funds opened new positions, 4 closed out, 13 added to existing stakes and 8 trimmed.
The largest buyer was Wells Fargo, adding an estimated $1.76M. The largest seller was Invesco, cutting an estimated $575K.
- 31 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $70.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2016, up 16% quarter-over-quarter.
- 4 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2016 and 4 closed out, a net change of 0 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2016 was Wells Fargo, an estimated $1.76M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2016 was Invesco, an estimated $575K sold.
Based on aggregated 13F filings for Q1 2016.