Guggenheim Active Allocation Fund (NYSE:GUG) Trading 0.3% Higher – Here’s Why

Guggenheim Active Allocation Fund (NYSE:GUG) shares traded up 0.3% on Wednesday . The stock traded as high as $15.21 and last traded at $15.1250. 54,836 shares traded hands during trading, a decline of 30% from the average session volume of 78,680 shares. The stock had previously closed at $15.08.

Guggenheim Active Allocation Fund Trading Up 0.3%

The business’s fifty day moving average is $15.74 and its 200-day moving average is $15.64.

Guggenheim Active Allocation Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.1188 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Insider Activity

In related news, insider Randall C. Barnes sold 3,000 shares of Guggenheim Active Allocation Fund stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $15.85, for a total value of $47,550.00. Following the sale, the insider owned 62,322 shares of the company’s stock, valued at approximately $987,803.70. The trade was a 4.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several institutional investors and hedge funds have recently bought and sold shares of GUG. Royal Bank of Canada raised its stake in shares of Guggenheim Active Allocation Fund by 12.0% in the first quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock valued at $7,805,000 after buying an additional 55,628 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Guggenheim Active Allocation Fund by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,501 shares of the company’s stock worth $508,000 after acquiring an additional 3,900 shares during the period. Cetera Investment Advisers grew its stake in shares of Guggenheim Active Allocation Fund by 11.9% during the 2nd quarter. Cetera Investment Advisers now owns 21,746 shares of the company’s stock worth $340,000 after acquiring an additional 2,310 shares during the period. JPMorgan Chase & Co. increased 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 worth $81,000 after acquiring an additional 4,649 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Guggenheim Active Allocation Fund by 147.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 75,835 shares of the company’s stock worth $1,186,000 after acquiring an additional 45,146 shares during 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.