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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB

39 hedge funds and large institutions have $80.3M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 6

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

5% more funds holding

Funds holding: 37 → 39 (+2)

0.1% less ownership

Funds ownership: 21.72% → 21.62% (-0.1%)

3% less capital invested

Capital invested by funds: $82.7M → $80.3M (-$2.45M)

Holders
39
Holders Change
+2
Holders Change %
+5.41%
% of All Funds
0.89%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
19
Reduced
6
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$2.03M
2
Invesco
Invesco
Georgia
+$872K
3
WT
Whittier Trust
California
+$451K
4
DADC
D.A. Davidson & Co
Montana
+$406K
5
Millennium Management
Millennium Management
New York
+$368K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$5.11M
2
CWM
Cornerstone Wealth Management
Missouri
-$244K
3
LCM
Laurion Capital Management
New York
-$233K
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$119K
5
UBS Group
UBS Group
Switzerland
-$59.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$24.5M – – –
Morgan Stanley
2
Morgan Stanley
New York
$15.6M +$2.03M +93,628 +15%
Bank of America
3
Bank of America
North Carolina
$8.62M +$61.3K +2,823 +0.7%
UBS Group
4
UBS Group
Switzerland
$5.63M -$59.6K -2,744 -1%
Wells Fargo
5
Wells Fargo
California
$4.33M +$249K +11,472 +6%
Invesco
6
Invesco
Georgia
$3.8M +$872K +40,195 +29%
UR
7
USCA RIA
Texas
$2.68M +$43.4K +2,000 +2%
RJA
8
Raymond James & Associates
Florida
$2.55M +$191K +8,816 +8%
WT
9
Whittier Trust
California
$1.72M +$451K +20,765 +34%
SIA
10
Sit Investment Associates
Minnesota
$1.27M -$5.11M -235,459 -80%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$1.24M +$40.7K +1,876 +3%
Stifel Financial
12
Stifel Financial
Missouri
$1.02M +$158K +7,282 +18%
Janney Montgomery Scott
13
Janney Montgomery Scott
Pennsylvania
$953K +$39.5K +1,822 +4%
AF
14
Advisornet Financial
Minnesota
$830K +$21.7K +1,000 +3%
CWM
15
Cornerstone Wealth Management
Missouri
$719K -$244K -11,232 -41%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$566K +$41.4K +1,906 +8%
DADC
17
D.A. Davidson & Co
Montana
$397K +$406K +18,700 New
Millennium Management
18
Millennium Management
New York
$359K +$368K +16,934 New
BTS
19
BB&T Securities
Virginia
$352K +$108K +4,979 +43%
Northwestern Mutual Wealth Management
20
Northwestern Mutual Wealth Management
Wisconsin
$347K +$16K +736 +5%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$318K +$11.5K +530 +4%
Cohen & Steers
22
Cohen & Steers
New York
$303K +$105K +4,860 +51%
KWMG
23
King Wealth Management Group
Florida
$293K – – –
WTC
24
WhitTier Trust Company
Nevada
$290K +$28.8K +1,325 +11%
SWP
25
Stratos Wealth Partners
Ohio
$274K – – –
1
2

GBAB Hedge Fund Activity: Q3 2018 in Review

39 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2018, worth a combined $80.3M — down 3% from $82.7M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new GBAB positions and 3 closed out — a net gain of 2 holders — while 19 added to existing stakes and 6 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.03M. The largest seller was Sit Investment Associates, cutting an estimated $5.11M.

  • 39 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2018, up from 37 in Q2 2018.
  • Funds reported $80.3M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2018, down 3% quarter-over-quarter.
  • 5 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2018 and 3 closed out, a net change of +2 holders.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2018 was Morgan Stanley, an estimated $2.03M added.
  • The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2018 was Sit Investment Associates, an estimated $5.11M sold.

Based on aggregated 13F filings for Q3 2018.