Guggenheim Active Allocation Fund (NYSE:GUG) Trading Up 0.3% – Time to Buy?

Guggenheim Active Allocation Fund (NYSE:GUG)’s share price 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 changed hands 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 Performance

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

Guggenheim Active Allocation Fund Announces Dividend

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 given a $0.1188 dividend. This represents a $1.43 annualized dividend and a dividend yield of 9.10%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Guggenheim Active Allocation Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of Guggenheim Active Allocation Fund by 27.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 487,071 shares of the company’s stock worth $8,061,000 after acquiring an additional 104,264 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Guggenheim Active Allocation Fund in the third quarter worth $4,951,000. Raymond James & Associates increased its stake in Guggenheim Active Allocation Fund by 48.0% during the third quarter. Raymond James & Associates now owns 249,825 shares of the company’s stock valued at $4,135,000 after purchasing an additional 81,042 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Guggenheim Active Allocation Fund by 5.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 110,723 shares of the company’s stock worth $1,653,000 after purchasing an additional 5,393 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Guggenheim Active Allocation Fund in the 3rd quarter worth about $1,130,000.