Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
29 hedge funds and large institutions have $81.5M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 6 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
5% less capital invested
Capital invested by funds: $85.7M → $81.5M (-$4.18M)
1.34% less ownership
Funds ownership: 14.7% → 13.36% (-1.3%)
3% less funds holding
Funds holding: 30 → 29 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.9M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$865K |
| 3 |
LPL Financial
San Diego,
California
|
+$553K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$296K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.42M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.09M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.66M |
| 4 |
PNC
Park National Corp
Newark,
Ohio
|
-$834K |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$640K |
GBAB Hedge Fund Activity: Q1 2015 in Review
29 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2015, worth a combined $81.5M — down 4.9% from $85.7M a quarter earlier.
Fund positioning in GBAB was balanced in Q1 2015: 6 funds opened new positions, 6 closed out, 11 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $7.9M. The largest seller was Morgan Stanley, cutting an estimated $9.42M.
- 29 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2015, down from 30 in Q4 2014.
- Funds reported $81.5M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2015, down 4.9% quarter-over-quarter.
- 6 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2015 and 6 closed out, a net change of 0 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2015 was Bank of America, an estimated $7.9M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2015 was Morgan Stanley, an estimated $9.42M sold.
Based on aggregated 13F filings for Q1 2015.