Guggenheim Taxable Municipal Managed Duration Trst (NYSE:GBAB) is expected to pay $0.13 on Oct 31, 2016. The indicated annual dividend is $1.51. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Guggenheim Taxable Municipal Managed Duration Trst’s current price of $22.76, the dividend is 0.55%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 4, 2016. The stock decreased 0.09% or $0.02 on October 10, hitting $22.76. Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) has risen 1.52% since March 8, 2016 and is uptrending. It has underperformed by 7.80% the S&P500.
Guggenheim Taxable Municipal Managed Duration Trust, formerly Guggenheim Build America Bonds Managed Duration Trust, is a diversified closed-end management investment company. The company has a market cap of $395.99 million. The Trust’s investment objective is to provide current income with a secondary objective of long-term capital appreciation. It currently has negative earnings. Under normal market conditions, the Trust will invest approximately 80% of its managed assets in taxable municipal securities, including Build America Bonds .
Insitutional Activity: The institutional sentiment decreased to 1.42 in Q2 2016. Its down 0.13, from 1.55 in 2016Q1. The ratio is negative, as 4 funds sold all Guggenheim Taxabl Mncpl Mngd Drtn Trst shares owned while 8 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 1.94 million shares or 63.57% less from 5.33 million shares in 2016Q1.
Wells Fargo And Mn accumulated 0% or 166,350 shares. The New York-based Cohen Steers Incorporated has invested 0% in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB). Invesco has 167,782 shares for 0% of their US portfolio. Ashford holds 0.27% of its portfolio in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) for 50,767 shares. Citigroup Incorporated accumulated 0% or 5,056 shares. Sigma Planning Corporation has 0.05% invested in the company for 14,768 shares. Janney Montgomery Scott Ltd Liability Corporation owns 11,199 shares or 0% of their US portfolio. Ladenburg Thalmann Fin Services holds 0.02% of its portfolio in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) for 42,558 shares. Fincl Bank Of America De holds 0% or 415,061 shares in its portfolio. Raymond James & has 74,286 shares for 0.01% of their US portfolio. Usca Ria Limited Co has 70,960 shares for 0.28% of their US portfolio. Atria Invests Ltd Llc has invested 0.03% of its portfolio in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB). Westport Resources owns 2,939 shares or 0.02% of their US portfolio. Signalpoint Asset Mngmt Ltd Company owns 14,537 shares or 0.14% of their US portfolio. Strategic Wealth Advisors Group Limited Co last reported 0.07% of its portfolio in the stock.
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