November 16, 2016 - By Linda Rogers · 0 Comments
Guggenheim Build America Bonds Managed Duration Trust (NYSE:GBAB) institutional sentiment decreased to 1.42 in 2016 Q2. Its down -0.13, from 1.55 in 2016Q1. The ratio is negative, as 17 investment managers increased or started new equity positions, while 12 sold and decreased holdings in Guggenheim Build America Bonds Managed Duration Trust. The investment managers in our partner’s database now have: 1.94 million shares, down from 5.33 million shares in 2016Q1. Also, the number of investment managers holding Guggenheim Build America Bonds Managed Duration Trust in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 4 Reduced: 8 Increased: 11 New Position: 6.
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 $373.59 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 .
About 10,113 shares traded hands. Guggenheim Taxabl Mncpl Mngd Drtn Trst (NYSE:GBAB) has declined 10.47% since April 14, 2016 and is downtrending. It has underperformed by 15.15% the S&P500.
Doliver Capital Advisors Inc. holds 2.11% of its portfolio in Guggenheim Taxabl Mncpl Mngd Drtn Trst for 105,886 shares. Usca Ria Llc owns 70,960 shares or 0.28% of their US portfolio. Moreover, Ashford Capital Management Inc has 0.27% invested in the company for 50,767 shares. The New York-based King Wealth Management Group Llc has invested 0.16% in the stock. Signalpoint Asset Management Llc, a Missouri-based fund reported 14,537 shares.#img1#
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By Linda Rogers