Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
41 hedge funds and large institutions have $72.9M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 0 closing their positions.
53% more capital inflows, than outflows
Capital inflows: $12.9M | Capital outflows: $8.45M
21% more funds holding
Funds holding: 34 → 41 (+7)
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
1.19% more ownership
Funds ownership: 11.6% → 12.78% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.32M |
| 2 |
1607 Capital Partners
Richmond,
Virginia
|
+$1.36M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
+$762K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$749K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
+$681K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.8M |
| 2 |
Morgan Stanley
New York
|
-$3.13M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$425K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$321K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$255K |
GBAB Hedge Fund Activity: Q4 2016 in Review
41 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2016, worth a combined $72.9M — down 5.6% from $77.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GBAB positions and 0 closed out — a net gain of 8 holders — while 11 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $7.32M. The largest seller was Royal Bank of Canada, cutting an estimated $3.8M.
- 41 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2016, up from 34 in Q3 2016.
- Funds reported $72.9M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2016, down 5.6% quarter-over-quarter.
- 8 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2016 and 0 closed out, a net change of +8 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2016 was Sit Investment Associates, an estimated $7.32M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2016 was Royal Bank of Canada, an estimated $3.8M sold.
Based on aggregated 13F filings for Q4 2016.