Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
31 hedge funds and large institutions have $61.1M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2015 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
15% more funds holding
Funds holding: 27 → 31 (+4)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
1.1% less ownership
Funds ownership: 10.93% → 9.83% (-1.1%)
7% less capital invested
Capital invested by funds: $65.5M → $61.1M (-$4.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFPT
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
|
+$248K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$241K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$210K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$206K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$97.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.72M |
| 2 |
Morgan Stanley
New York
|
-$1.71M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$477K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$305K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$303K |
GBAB Hedge Fund Activity: Q4 2015 in Review
31 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2015, worth a combined $61.1M — down 6.7% from $65.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new GBAB positions and 1 closed out — a net gain of 4 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Pinnacle Financial Partners (Tennessee), opening a new position worth an estimated $248K. The largest seller was Bank of America, cutting an estimated $1.72M.
- 31 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2015, up from 27 in Q3 2015.
- Funds reported $61.1M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2015, down 6.7% quarter-over-quarter.
- 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2015 and 1 closed out, a net change of +4 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2015 was Pinnacle Financial Partners (Tennessee), an estimated $248K added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2015 was Bank of America, an estimated $1.72M sold.
Based on aggregated 13F filings for Q4 2015.