Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
43 hedge funds and large institutions have $82.9M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2019 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
2% more funds holding
Funds holding: 42 → 43 (+1)
2% more capital invested
Capital invested by funds: $80.9M → $82.9M (+$2.02M)
0.66% more ownership
Funds ownership: 19.43% → 20.09% (+0.66%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$990K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$623K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$421K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$361K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$526K |
| 2 |
Cohen & Steers
New York
|
-$342K |
| 3 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$240K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$113K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$55.5K |
GBAB Hedge Fund Activity: Q4 2019 in Review
43 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q4 2019, worth a combined $82.9M — up 2.5% from $80.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GBAB positions and 6 closed out — a net gain of 2 holders — while 15 added to existing stakes and 12 trimmed.
The largest buyer was Bank of America, adding an estimated $990K. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $526K.
- 43 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q4 2019, up from 42 in Q3 2019.
- Funds reported $82.9M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q4 2019, up 2.5% quarter-over-quarter.
- 8 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q4 2019 and 6 closed out, a net change of +2 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q4 2019 was Bank of America, an estimated $990K added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q4 2019 was Ladenburg Thalmann Financial Services, an estimated $526K sold.
Based on aggregated 13F filings for Q4 2019.