GBAB: Caution Is The Name Of The Game [Seeking Alpha]
BlackRock Taxable Municipal Bond Trust Common Shares of Beneficial Interest (BBN)
US:NYSE Investor Relations:
blackrock.com/investing/products/240174/blackrock-build-america-bond-trust-fund
Company Research
Source: Seeking Alpha
I previously gave GBAB a "hold" rating due to headwinds and better investment opportunities and that is an argument that holds up to this day. I see the premium to NAV and tight corporate bond spreads as reasons to stay cautious on new positions here. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Main Thesis & Background The purpose of this article is to evaluate the Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ( NYSE: GBAB ) as an investment option. This fund offers exposure to taxable municipal bonds, with a primary investment objective to "provide current income with a secondary objective of long-term capital appreciation". This is a diversified fund with a heavy allocation towards taxable muni bonds, bank loans, and high-yield credit securities. As 2023 was coming to a close, I reviewed GBAB and explained my rationale for why I wouldn't necessarily be a buyer in the curren
Show less
Read more
Impact Snapshot
Event Time:
BBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BBN alerts
High impacting BlackRock Taxable Municipal Bond Trust Common Shares of Beneficial Interest news events
Weekly update
A roundup of the hottest topics
BBN
Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- BBN's page on the SEC website