Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
41 hedge funds and large institutions have $81.2M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
14% more funds holding
Funds holding: 36 → 41 (+5)
4% more capital invested
Capital invested by funds: $78M → $81.2M (+$3.2M)
0.35% less ownership
Funds ownership: 19.78% → 19.42% (-0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.4M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$1.32M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$573K |
| 4 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
+$569K |
| 5 |
EM
ELCO Management
New York
|
+$332K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.35M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$483K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$435K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$294K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$72.8K |
GBAB Hedge Fund Activity: Q2 2019 in Review
41 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q2 2019, worth a combined $81.2M — up 4.1% from $78M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new GBAB positions and 2 closed out — a net gain of 5 holders — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Bank of America, adding an estimated $1.4M. The largest seller was Morgan Stanley, cutting an estimated $5.35M.
- 41 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q2 2019, up from 36 in Q1 2019.
- Funds reported $81.2M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q2 2019, up 4.1% quarter-over-quarter.
- 7 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q2 2019 and 2 closed out, a net change of +5 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q2 2019 was Bank of America, an estimated $1.4M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q2 2019 was Morgan Stanley, an estimated $5.35M sold.
Based on aggregated 13F filings for Q2 2019.