News stories about Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Guggenheim Taxabl Mncpl Mngd Drtn Trst earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 44.3995206135771 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE GBAB) traded up 0.27% on Tuesday, reaching $22.67. 15,326 shares of the company’s stock traded hands. Guggenheim Taxabl Mncpl Mngd Drtn Trst has a 12 month low of $18.84 and a 12 month high of $23.32. The firm’s 50-day moving average is $22.94 and its 200 day moving average is $22.79.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.1257 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend is Thursday, October 12th.
In related news, insider Anne Bookwalter Walsh acquired 3,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was purchased at an average price of $23.00 per share, with a total value of $69,000.00. Following the completion of the purchase, the insider now owns 11,000 shares in the company, valued at approximately $253,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Guggenheim Taxabl Mncpl Mngd Drtn Trst Company Profile
Guggenheim Taxable Municipal Managed Duration Trust, formerly Guggenheim Build America Bonds Managed Duration Trust, is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income with a secondary objective of long-term capital appreciation. Under normal market conditions, the Trust will invest approximately 80% of its managed assets in taxable municipal securities, including Build America Bonds (BABs).
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