Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
57 hedge funds and large institutions have $70.1M invested in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 8 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
3.17% less ownership
Funds ownership: 19.43% → 16.26% (-3.2%)
8% less funds holding
Funds holding: 62 → 57 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
64% less capital inflows, than outflows
Capital inflows: $4.4M | Capital outflows: $12.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$578K |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$521K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$493K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$449K |
| 5 |
LPL Financial
San Diego,
California
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$5.16M |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.72M |
| 3 |
Morgan Stanley
New York
|
-$943K |
| 4 |
Advisornet Financial
Minnetonka,
Minnesota
|
-$735K |
| 5 |
Millennium Management
New York
|
-$530K |
GBAB Hedge Fund Activity: Q1 2022 in Review
57 of the 6,364 institutional investors tracked by Wall St. Rank reported a position in Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) for Q1 2022, worth a combined $70.1M — down 24% from $92.4M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GBAB and 4 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 23 added.
The largest buyer was Royal Bank of Canada, adding an estimated $578K. The largest seller was UBS Group, cutting an estimated $5.16M.
- 57 institutional investors held Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) as of Q1 2022, down from 62 in Q4 2021.
- Funds reported $70.1M of Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust stock for Q1 2022, down 24% quarter-over-quarter.
- 4 funds opened new Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust positions in Q1 2022 and 8 closed out, a net change of -4 holders.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust buyer in Q1 2022 was Royal Bank of Canada, an estimated $578K added.
- The largest Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust seller in Q1 2022 was UBS Group, an estimated $5.16M sold.
Based on aggregated 13F filings for Q1 2022.