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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

36 hedge funds and large institutions have $85.4M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 6

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

7% more capital invested

Capital invested by funds: $80.2M → $85.4M (+$5.24M)

3% more funds holding

Funds holding: 35 → 36 (+1)

0.85% more ownership

Funds ownership: 20.7% → 21.55% (+0.85%)

Holders
36
Holders Change
+1
Holders Change %
+2.86%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
14
Reduced
6
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$2.52M
2
Bank of America
Bank of America
North Carolina
+$825K
3
Wells Fargo
Wells Fargo
California
+$345K
4
UBS Group
UBS Group
Switzerland
+$234K
5
SG Americas Securities
SG Americas Securities
New York
+$140K

Top Sellers

1
Invesco
Invesco
Georgia
-$333K
2
LPL Financial
LPL Financial
California
-$318K
3
UR
USCA RIA
Texas
-$102K
4
RJA
Raymond James & Associates
Florida
-$67.3K
5
Stifel Financial
Stifel Financial
Missouri
-$44.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$26.8M – – –
Morgan Stanley
2
Morgan Stanley
New York
$11.5M +$2.52M +110,674 +28%
SIA
3
Sit Investment Associates
Minnesota
$10M – – –
Bank of America
4
Bank of America
North Carolina
$9.88M +$825K +36,296 +9%
UBS Group
5
UBS Group
Switzerland
$4.75M +$234K +10,300 +5%
Wells Fargo
6
Wells Fargo
California
$3.54M +$345K +15,186 +11%
Invesco
7
Invesco
Georgia
$3.24M -$333K -14,634 -9%
RJA
8
Raymond James & Associates
Florida
$2.96M -$67.3K -2,962 -2%
Stifel Financial
9
Stifel Financial
Missouri
$2.31M -$44.6K -1,962 -2%
ACM
10
Ashford Capital Management
Delaware
$1.57M +$71.5K +3,145 +5%
UR
11
USCA RIA
Texas
$1.5M -$102K -4,500 -6%
DA
12
Doliver Advisors
Texas
$1.43M +$6.82K +300 +0.5%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.36M +$11.2K +493 +0.8%
CI
14
Conning Inc
Connecticut
$867K – – –
Janney Montgomery Scott
15
Janney Montgomery Scott
Pennsylvania
$480K +$17.1K +753 +4%
SPC
16
Sigma Planning Corp
Michigan
$369K +$295 +13 +0.1%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$329K +$4.98K +219 +2%
AIP
18
Ahrens Investment Partners
Louisiana
$321K +$22.7K +1,000 +8%
KWMG
19
King Wealth Management Group
Florida
$309K – – –
SAM
20
SignalPoint Asset Management
Missouri
$290K – – –
BTS
21
BB&T Securities
Virginia
$278K – – –
RJFSA
22
Raymond James Financial Services Advisors
Florida
$262K +$16.2K +711 +7%
LPL Financial
23
LPL Financial
California
$208K -$318K -13,993 -60%
NEPWA
24
New England Private Wealth Advisors
Massachusetts
$205K – – –
SG Americas Securities
25
SG Americas Securities
New York
$141K +$140K +6,180 New
1
2

GBAB Hedge Fund Activity: Q2 2017 in Review

36 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q2 2017, worth a combined $85.4M — up 6.5% from $80.2M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new GBAB positions and 1 closed out — a net gain of 1 holder — while 14 added to existing stakes and 6 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.52M. The largest seller was Invesco, cutting an estimated $333K.

  • 36 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q2 2017, up from 35 in Q1 2017.
  • Funds reported $85.4M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q2 2017, up 6.5% quarter-over-quarter.
  • 2 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q2 2017 and 1 closed out, a net change of +1 holder.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q2 2017 was Morgan Stanley, an estimated $2.52M added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q2 2017 was Invesco, an estimated $333K sold.

Based on aggregated 13F filings for Q2 2017.