Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
46 hedge funds and large institutions have $73.6M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
7% more funds holding
Funds holding: 43 → 46 (+3)
5.36% less ownership
Funds ownership: 22.02% → 16.65% (-5.4%)
21% less capital invested
Capital invested by funds: $93.2M → $73.6M (-$19.6M)
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.12M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$687K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$229K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$204K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$21.6M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
-$744K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$632K |
| 4 |
Morgan Stanley
New York
|
-$371K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$350K |
GBAB Hedge Fund Activity: Q3 2020 in Review
46 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q3 2020, worth a combined $73.6M — down 21% from $93.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new GBAB positions and 3 closed out — a net gain of 3 holders — while 11 added to existing stakes and 17 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $1.12M. The largest seller was Guggenheim Capital, cutting an estimated $21.6M.
- 46 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q3 2020, up from 43 in Q2 2020.
- Funds reported $73.6M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q3 2020, down 21% quarter-over-quarter.
- 6 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q3 2020 and 3 closed out, a net change of +3 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q3 2020 was Raymond James & Associates, an estimated $1.12M added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q3 2020 was Guggenheim Capital, an estimated $21.6M sold.
Based on aggregated 13F filings for Q3 2020.