Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
41 hedge funds and large institutions have $72.9M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 0 closing their positions.
24% more funds holding
Funds holding: 33 → 41 (+8)
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
1.19% more ownership
Funds ownership: 11.59% → 12.78% (+1.2%)
6% less capital invested
Capital invested by funds: $77.2M → $72.9M (-$4.28M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.32M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.36M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$762K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$749K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$681K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.8M |
| 2 |
Morgan Stanley
New York
|
-$3.13M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$425K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$321K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$255K |
GBAB Hedge Fund Activity: Q4 2016 in Review
41 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2016, worth a combined $72.9M — down 5.5% from $77.2M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new GBAB positions and 0 closed out — a net gain of 9 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $7.32M. The largest seller was Royal Bank of Canada, cutting an estimated $3.8M.
- 41 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2016, up from 33 in Q3 2016.
- Funds reported $72.9M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2016, down 5.5% quarter-over-quarter.
- 9 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2016 and 0 closed out, a net change of +9 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2016 was Sit Investment Associates, an estimated $7.32M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2016 was Royal Bank of Canada, an estimated $3.8M sold.
Based on aggregated 13F filings for Q4 2016.