Guggenheim Active Allocation Fund (NYSE:GUG) Shares Up 0.6% – Should You Buy?

Guggenheim Active Allocation Fund (NYSE:GUG)’s stock price was up 0.6% during mid-day trading on Wednesday . The stock traded as high as $15.45 and last traded at $15.40. Approximately 50,071 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 83,075 shares. The stock had previously closed at $15.31.

Guggenheim Active Allocation Fund Stock Performance

The business’s 50 day simple moving average is $15.47 and its 200 day simple moving average is $15.56.

Guggenheim Active Allocation Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.1188 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Guggenheim Active Allocation Fund

A number of large investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in shares of Guggenheim Active Allocation Fund by 258.7% during the first quarter. Invesco Ltd. now owns 47,517 shares of the company’s stock valued at $716,000 after acquiring an additional 34,270 shares during the period. Raymond James Financial Inc. increased its position in shares of Guggenheim Active Allocation Fund by 16.9% during the 1st quarter. Raymond James Financial Inc. now owns 592,568 shares of the company’s stock worth $8,930,000 after purchasing an additional 85,868 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Guggenheim Active Allocation Fund by 4.1% during the 1st quarter. Baird Financial Group Inc. now owns 766,124 shares of the company’s stock valued at $11,545,000 after purchasing an additional 30,481 shares during the last quarter. Royal Bank of Canada lifted its holdings in Guggenheim Active Allocation Fund by 12.0% during the 1st quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock valued at $7,805,000 after purchasing an additional 55,628 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Guggenheim Active Allocation Fund by 19.1% in the first quarter. Advisors Asset Management Inc. now owns 708,910 shares of the company’s stock valued at $10,683,000 after buying an additional 113,795 shares in the last quarter.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.