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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

33 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, 13 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

3% more capital invested

Capital invested by funds: $74.7M → $77.2M (+$2.42M)

0.13% less ownership

Funds ownership: 11.72% → 11.59% (-0.13%)

11% less funds holding

Funds holding: 37 → 33 (-4)

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
33
Holders Change
-4
Holders Change %
-10.81%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
1
Increased
13
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$820K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$585K
3
Morgan Stanley
Morgan Stanley
New York
+$492K
4
RJA
Raymond James & Associates
Florida
+$393K
5
ACM
Ashford Capital Management
Delaware
+$350K

Top Sellers

1
DA
Doliver Advisors
Texas
-$1.13M
2
Cohen & Steers
Cohen & Steers
New York
-$757K
3
TC
TFS Capital
Pennsylvania
-$377K
4
Wells Fargo
Wells Fargo
California
-$336K
5
VKH
Virtu KCG Holdings
New York
-$307K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$26.8M – – –
Bank of America
2
Bank of America
North Carolina
$10.5M +$820K +34,869 +8%
Morgan Stanley
3
Morgan Stanley
New York
$9.15M +$492K +20,888 +6%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$5.37M +$585K +24,864 +12%
Invesco
5
Invesco
Georgia
$3.71M -$196K -8,311 -5%
MIAN
6
Mariner Independent Advisor Network
Kansas
$3.59M – – –
Wells Fargo
7
Wells Fargo
California
$3.54M -$336K -14,268 -9%
UBS Group
8
UBS Group
Switzerland
$2.12M +$152K +6,470 +8%
RJA
9
Raymond James & Associates
Florida
$2.12M +$393K +16,721 +23%
UR
10
USCA RIA
Texas
$1.63M -$20.1K -855 -1%
ACM
11
Ashford Capital Management
Delaware
$1.53M +$350K +14,891 +29%
DA
12
Doliver Advisors
Texas
$1.34M -$1.13M -48,183 -46%
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$1M -$8.05K -342 -0.8%
CI
14
Conning Inc
Connecticut
$886K +$15.5K +657 +2%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$549K +$87.8K +3,732 +19%
LPL Financial
16
LPL Financial
California
$453K +$114K +4,846 +33%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$403K -$6.89K -293 -2%
BTS
18
BB&T Securities
Virginia
$401K – – –
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$376K -$146K -6,221 -28%
SPC
20
Sigma Planning Corp
Michigan
$373K +$29.7K +1,261 +9%
Stifel Financial
21
Stifel Financial
Missouri
$343K +$90K +3,825 +35%
SAM
22
SignalPoint Asset Management
Missouri
$338K +$165 +7 +0%
KWMG
23
King Wealth Management Group
Florida
$304K – – –
Cohen & Steers
24
Cohen & Steers
New York
$104K -$757K -32,189 -88%
Citigroup
25
Citigroup
New York
$85K -$33.1K -1,407 -28%
1
2

GBAB Hedge Fund Activity: Q3 2016 in Review

33 of the 3,748 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 3.2% from $74.7M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of GBAB and 1 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 13 added.

The largest buyer was Bank of America, adding an estimated $820K. The largest seller was Doliver Advisors, cutting an estimated $1.13M.

  • 33 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 3.2% quarter-over-quarter.
  • 1 fund opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2016 and 5 closed out, a net change of -4 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.