Guggenheim Active Allocation Fund (NYSE:GUG) Stock Price Up 0.3% – Here’s Why

Shares of Guggenheim Active Allocation Fund (NYSE:GUG) rose 0.3% during trading on Friday . The stock traded as high as $15.84 and last traded at $15.65. Approximately 150,347 shares were traded during trading, an increase of 13% from the average daily volume of 132,736 shares. The stock had previously closed at $15.61.

Guggenheim Active Allocation Fund Stock Up 0.3 %

The firm’s 50 day simple moving average is $15.30 and its two-hundred day simple moving average is $15.65.

Guggenheim Active Allocation Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.10%.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its position in shares of Guggenheim Active Allocation Fund by 27.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 487,071 shares of the company’s stock valued at $8,061,000 after buying an additional 104,264 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Guggenheim Active Allocation Fund during the third quarter worth $4,951,000. Raymond James & Associates grew its stake in Guggenheim Active Allocation Fund by 48.0% during the 3rd quarter. Raymond James & Associates now owns 249,825 shares of the company’s stock worth $4,135,000 after purchasing an additional 81,042 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Guggenheim Active Allocation Fund by 5.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 110,723 shares of the company’s stock valued at $1,653,000 after acquiring an additional 5,393 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Guggenheim Active Allocation Fund during the third quarter worth $1,130,000.