Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
44 hedge funds and large institutions have $85.1M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 7 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
2% more funds holding
Funds holding: 43 → 44 (+1)
1.16% more ownership
Funds ownership: 20.09% → 21.24% (+1.2%)
3% more capital invested
Capital invested by funds: $82.9M → $85.1M (+$2.22M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.04M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.35M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$1.21M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.02M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$992K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIP
Ahrens Investment Partners
Lafayette,
Louisiana
|
-$514K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$266K |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$234K |
| 4 |
BB
Busey Bank
Urbana,
Illinois
|
-$219K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$207K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5K | -215 | Closed |
|
GBAB Hedge Fund Activity: Q1 2020 in Review
44 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2020, worth a combined $85.1M — up 2.7% from $82.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new GBAB positions and 7 closed out — a net gain of 3 holders — while 19 added to existing stakes and 10 trimmed.
The largest buyer was UBS Group, adding an estimated $2.04M. The largest seller was Ahrens Investment Partners, exiting entirely with an estimated $514K sold.
- 44 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2020, up from 43 in Q4 2019.
- Funds reported $85.1M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2020, up 2.7% quarter-over-quarter.
- 10 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2020 and 7 closed out, a net change of +3 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2020 was UBS Group, an estimated $2.04M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2020 was Ahrens Investment Partners, an estimated $514K sold.
Based on aggregated 13F filings for Q1 2020.