Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
36 hedge funds and large institutions have $78M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 5 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
1% more capital invested
Capital invested by funds: $77.2M → $78M (+$775K)
0.42% less ownership
Funds ownership: 20.2% → 19.78% (-0.42%)
5% less funds holding
Funds holding: 38 → 36 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.34M |
| 2 |
WT
Whittier Trust
South Pasadena,
California
|
+$304K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$291K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$202K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$929K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$804K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$495K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$491K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$488K |
GBAB Hedge Fund Activity: Q1 2019 in Review
36 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2019, worth a combined $78M — up 1% from $77.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GBAB and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Bank of America, adding an estimated $1.34M. The largest seller was Morgan Stanley, cutting an estimated $929K.
- 36 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2019, down from 38 in Q4 2018.
- Funds reported $78M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2019, up 1% quarter-over-quarter.
- 3 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2019 and 5 closed out, a net change of -2 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2019 was Bank of America, an estimated $1.34M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2019 was Morgan Stanley, an estimated $929K sold.
Based on aggregated 13F filings for Q1 2019.