Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
34 hedge funds and large institutions have $77.2M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2016 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 4 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3% more capital invested
Capital invested by funds: $74.7M → $77.2M (+$2.44M)
0.12% less ownership
Funds ownership: 11.72% → 11.6% (-0.12%)
8% less funds holding
Funds holding: 37 → 34 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$820K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$585K |
| 3 |
Morgan Stanley
New York
|
+$492K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$393K |
| 5 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
+$350K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.13M |
| 2 |
Cohen & Steers
New York
|
-$757K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$377K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$336K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$307K |
GBAB Hedge Fund Activity: Q3 2016 in Review
34 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2016, worth a combined $77.2M — up 3.3% from $74.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GBAB and 1 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 14 added.
The largest buyer was Bank of America, adding an estimated $820K. The largest seller was Doliver Advisors, cutting an estimated $1.13M.
- 34 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2016, down from 37 in Q2 2016.
- Funds reported $77.2M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2016, up 3.3% quarter-over-quarter.
- 1 fund opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2016 and 4 closed out, a net change of -3 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2016 was Bank of America, an estimated $820K added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2016 was Doliver Advisors, an estimated $1.13M sold.
Based on aggregated 13F filings for Q3 2016.