Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
43 hedge funds and large institutions have $93.2M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 8 reducing their positions, and 5 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 8
9% more capital invested
Capital invested by funds: $85.1M → $93.2M (+$8.02M)
0.77% more ownership
Funds ownership: 21.24% → 22.02% (+0.77%)
2% less funds holding
Funds holding: 44 → 43 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.52M |
| 2 |
Morgan Stanley
New York
|
+$1.05M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$565K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$402K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.61M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
-$943K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$721K |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$511K |
| 5 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$270K |
GBAB Hedge Fund Activity: Q2 2020 in Review
43 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q2 2020, worth a combined $93.2M — up 9.4% from $85.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GBAB and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 20 added.
The largest buyer was UBS Group, adding an estimated $4.52M. The largest seller was Bank of America, cutting an estimated $2.61M.
- 43 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q2 2020, down from 44 in Q1 2020.
- Funds reported $93.2M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q2 2020, up 9.4% quarter-over-quarter.
- 4 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q2 2020 and 5 closed out, a net change of -1 holder.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q2 2020 was UBS Group, an estimated $4.52M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q2 2020 was Bank of America, an estimated $2.61M sold.
Based on aggregated 13F filings for Q2 2020.