GBAB: Strong Yield Not Supported By Fundamentals

Avisol Capital Partners
Investing Group Leader

Summary

  • Average coupon or interest rate earned on investments of GBAB is 5.46 percent while it pays dividend with an average yield in excess of 7 percent.
  • Historical price performance of GBAB has been extremely poor, both in the short and the long term.
  • GBAB is currently trading near its all-time low price, and the SMAs indicate a further downward price movement.
  • Looking for more investing ideas like this one? Get them exclusively at The Total Pharma Tracker. Learn More »

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Overview of the Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE:GBAB) is a closed ended fixed income mutual fund (MF) launched by Guggenheim Partners, LLC. The fund was formerly known as Guggenheim Taxable

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This article was written by

Avisol Capital Partners
18.27K Followers

Avisol Capital Partners is made up of a team of medical experts, finance professionals and techies, all of whom invest their own money in the picks they share. They aim to help readers find the middle ground between value and growth investing, as they demystify the biopharma industry.

They lead the investing group Total Pharma Tracker where they offer a monthly updated catalyst database, an investability scoring system for quick reference ideas, and direct access in chat for dialogue and questions. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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About GBAB Ticker

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