Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Pass Above 50-Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.38 and traded as high as $15.75. Guggenheim Strategic Opportunities Fund shares last traded at $15.70, with a volume of 1,234,260 shares trading hands.

Guggenheim Strategic Opportunities Fund Stock Up 0.5 %

The firm has a 50 day moving average price of $15.38 and a two-hundred day moving average price of $15.53.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.1821 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.19 dividend on an annualized basis and a yield of 13.92%.

Institutional Investors Weigh In On Guggenheim Strategic Opportunities Fund

Several large investors have recently made changes to their positions in GOF. LPL Financial LLC increased its holdings in Guggenheim Strategic Opportunities Fund by 7.5% in the 4th quarter. LPL Financial LLC now owns 1,712,240 shares of the investment management company’s stock valued at $26,129,000 after purchasing an additional 119,927 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Guggenheim Strategic Opportunities Fund by 53.3% in the fourth quarter. Verus Capital Partners LLC now owns 1,104,801 shares of the investment management company’s stock valued at $16,859,000 after buying an additional 384,257 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Guggenheim Strategic Opportunities Fund during the 4th quarter valued at about $9,720,000. CreativeOne Wealth LLC lifted its position in Guggenheim Strategic Opportunities Fund by 6.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 559,378 shares of the investment management company’s stock worth $8,816,000 after acquiring an additional 34,720 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Guggenheim Strategic Opportunities Fund by 1,477.1% during the 3rd quarter. International Assets Investment Management LLC now owns 473,596 shares of the investment management company’s stock worth $74,640,000 after acquiring an additional 443,567 shares in the last quarter.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.