Guggenheim Active Allocation Fund (NYSE:GUG) Stock Price Down 1.6% – Here’s What Happened

Guggenheim Active Allocation Fund (NYSE:GUG) was down 1.6% during mid-day trading on Thursday . The stock traded as low as $15.35 and last traded at $15.4150. Approximately 172,862 shares were traded during trading, an increase of 117% from the average session volume of 79,590 shares. The stock had previously closed at $15.67.

Guggenheim Active Allocation Fund Stock Down 1.6%

The business’s 50 day moving average is $15.93 and its 200-day moving average is $15.77.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

A number of institutional investors have recently made changes to their positions in GUG. Geneos Wealth Management Inc. lifted its position in shares of Guggenheim Active Allocation Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $47,000 after purchasing an additional 1,500 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Guggenheim Active Allocation Fund by 845.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after buying an additional 4,649 shares during the last quarter. XTX Topco Ltd bought a new position in Guggenheim Active Allocation Fund in the 4th quarter worth approximately $166,000. Orion Porfolio Solutions LLC bought a new position in Guggenheim Active Allocation Fund in the 2nd quarter worth approximately $179,000. Finally, High Net Worth Advisory Group LLC acquired a new position in shares of Guggenheim Active Allocation Fund during the fourth quarter worth approximately $190,000.

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.