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GBAB

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 9 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more funds holding

Funds holding: 33 → 41 (+8)

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

1.19% more ownership

Funds ownership: 11.59% → 12.78% (+1.2%)

6% less capital invested

Capital invested by funds: $77.2M → $72.9M (-$4.28M)

Holders
41
Holders Change
+8
Holders Change %
+24.24%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
11
Reduced
9
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$7.32M
2
1CP
1607 Capital Partners
Virginia
+$1.36M
3
KIM
Karpus Investment Management
New York
+$762K
4
Stifel Financial
Stifel Financial
Missouri
+$749K
5
RJA
Raymond James & Associates
Florida
+$681K

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.8M
2
Morgan Stanley
Morgan Stanley
New York
-$3.13M
3
Wells Fargo
Wells Fargo
California
-$425K
4
UBS Group
UBS Group
Switzerland
-$321K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$255K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$25.2M – – –
Bank of America
2
Bank of America
North Carolina
$9.76M +$124K +5,721 +1%
SIA
3
Sit Investment Associates
Minnesota
$7.25M +$7.32M +338,575 New
Morgan Stanley
4
Morgan Stanley
New York
$5.32M -$3.13M -144,781 -37%
Invesco
5
Invesco
Georgia
$3.27M -$145K -6,700 -4%
Wells Fargo
6
Wells Fargo
California
$2.83M -$425K -19,666 -13%
RJA
7
Raymond James & Associates
Florida
$2.62M +$681K +31,498 +35%
UBS Group
8
UBS Group
Switzerland
$1.63M -$321K -14,863 -16%
UR
9
USCA RIA
Texas
$1.51M +$10.8K +500 +0.7%
DA
10
Doliver Advisors
Texas
$1.38M +$143K +6,618 +11%
1CP
11
1607 Capital Partners
Virginia
$1.35M +$1.36M +63,104 New
ACM
12
Ashford Capital Management
Delaware
$1.23M -$176K -8,147 -12%
Stifel Financial
13
Stifel Financial
Missouri
$1.06M +$749K +34,667 +235%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$1.04M -$3.8M -175,988 -78%
CI
15
Conning Inc
Connecticut
$816K – – –
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$814K -$79K -3,654 -9%
KIM
17
Karpus Investment Management
New York
$755K +$762K +35,250 New
Citigroup
18
Citigroup
New York
$661K +$588K +27,202 +745%
LPL Financial
19
LPL Financial
California
$483K +$62.8K +2,908 +15%
WAM
20
Weiss Asset Management
Massachusetts
$451K +$455K +21,065 New
BTS
21
BB&T Securities
Virginia
$401K – – –
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$346K +$108 +5 +0%
SPC
23
Sigma Planning Corp
Michigan
$343K +$281 +13 +0.1%
MIAN
24
Mariner Independent Advisor Network
Kansas
$331K – – –
SAM
25
SignalPoint Asset Management
Missouri
$311K +$86 +4 +0%
1
2

GBAB Hedge Fund Activity: Q4 2016 in Review

41 of the 4,000 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 5.5% from $77.2M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new GBAB positions and 0 closed out — a net gain of 9 holders — while 11 added to existing stakes and 9 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 33 in Q3 2016.
  • Funds reported $72.9M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2016, down 5.5% quarter-over-quarter.
  • 9 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2016 and 0 closed out, a net change of +9 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.