Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
37 hedge funds and large institutions have $82.7M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 5 reducing their positions, and 2 closing their positions.
240% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 5
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
9% more funds holding
Funds holding: 34 → 37 (+3)
1% more capital invested
Capital invested by funds: $82.1M → $82.7M (+$573K)
0.22% less ownership
Funds ownership: 21.93% → 21.72% (-0.22%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$932K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$913K |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$588K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$318K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$230K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.81M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$1.04M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$782K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$503K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OA
26
Oxbow Advisors
Austin,
Texas
| $217K | +$214K | +10,000 | New |
|
|
SPC
27
Sigma Planning Corp
Ann Arbor,
Michigan
| $205K | – | – | – |
|
28
Cohen & Steers
New York
| $205K | +$73.7K | +3,446 | +57% |
|
29
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $119K | +$6.42K | +300 | +6% |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $68K | – | – | – |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $54K | – | – | – |
|
32
Citigroup
New York
| $46K | +$535 | +25 | +1% |
|
|
CF
33
Centaurus Financial
Anaheim,
California
| $36K | +$35.3K | +1,649 | New |
|
|
QCIG
34
Quad-Cities Investment Group
Davenport,
Iowa
| $10K | +$9.63K | +450 | New |
|
|
AG
35
Advisor Group
Phoenix,
Arizona
| $9K | – | – | – |
|
|
SPIA
36
Steward Partners Investment Advisory
New York
| $5K | – | – | – |
|
|
APA
37
American Portfolios Advisors
Holbrook,
New York
| $3.15K | – | – | – |
|
|
DA
38
Doliver Advisors
Houston,
Texas
| – | -$270K | -12,540 | Closed |
|
|
AIA
39
Avalon Investment & Advisory
Houston,
Texas
| – | -$218K | -10,117 | Closed |
|
GBAB Hedge Fund Activity: Q2 2018 in Review
37 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q2 2018, worth a combined $82.7M — up 0.7% from $82.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GBAB positions and 2 closed out — a net gain of 3 holders — while 17 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $932K. The largest seller was Sit Investment Associates, cutting an estimated $1.81M.
- 37 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q2 2018, up from 34 in Q1 2018.
- Funds reported $82.7M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q2 2018, up 0.7% quarter-over-quarter.
- 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q2 2018 and 2 closed out, a net change of +3 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q2 2018 was Morgan Stanley, an estimated $932K added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q2 2018 was Sit Investment Associates, an estimated $1.81M sold.
Based on aggregated 13F filings for Q2 2018.