Guggenheim Taxable Municipal Managed Duration Trst (NYSE:GBAB) is expected to pay $0.13 on Nov 30, 2016. The indicated annual dividend is $1.51. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Guggenheim Taxable Municipal Managed Duration Trst’s current price of $21.80, the dividend is 0.58%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.23% or $0.05 on November 8, hitting $21.8. Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) has declined 6.52% since April 7, 2016 and is downtrending. It has underperformed by 11.30% 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 $379.62 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.
Royal Bank & Trust Of Canada accumulated 199,760 shares or 0% of the stock. Westport Resource Mngmt Incorporated has 0.02% invested in the company for 2,939 shares. Strategic Wealth Advisors Group, a California-based fund reported 15,460 shares. Deutsche Savings Bank Ag last reported 0% of its portfolio in the stock. Doliver Capital Advsr accumulated 2.11% or 105,886 shares. Bb&T Securities Ltd Liability Company holds 17,250 shares or 0.01% of its portfolio. King Wealth Management Ltd Com accumulated 0.16% or 13,073 shares. Kcg last reported 13,119 shares in the company. Stifel Corp last reported 10,933 shares in the company. Raymond James And Assocs owns 74,286 shares or 0.01% of their US portfolio. Janney Montgomery Scott Limited Liability Company owns 11,199 shares or 0% of their US portfolio. Commercial Bank Of America Corporation De holds 415,061 shares or 0% of its portfolio. Ashford reported 50,767 shares or 0.27% of all its holdings. Moreover, Invesco Limited has 0% invested in Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) for 167,782 shares. Ladenburg Thalmann Financial owns 42,558 shares or 0.02% of their US portfolio.
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