Guggenheim Active Allocation Fund (NYSE:GUG) Stock Price Up 0.4% – Here’s What Happened

Guggenheim Active Allocation Fund (NYSE:GUG) shot up 0.4% on Wednesday . The stock traded as high as $15.59 and last traded at $15.52. 51,413 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 97,730 shares. The stock had previously closed at $15.46.

Guggenheim Active Allocation Fund Stock Performance

The business has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $15.67.

Guggenheim Active Allocation Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1188 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.43 annualized dividend and a yield of 9.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC raised its stake in shares of Guggenheim Active Allocation Fund by 3.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,860 shares of the company’s stock worth $329,000 after purchasing an additional 649 shares during the period. MGB Wealth Management LLC increased its holdings in Guggenheim Active Allocation Fund by 6.6% during the fourth quarter. MGB Wealth Management LLC now owns 12,011 shares of the company’s stock worth $179,000 after buying an additional 747 shares during the last quarter. Aviance Capital Partners LLC raised its position in Guggenheim Active Allocation Fund by 9.4% in the fourth quarter. Aviance Capital Partners LLC now owns 19,424 shares of the company’s stock worth $289,000 after acquiring an additional 1,664 shares during the period. Envestnet Asset Management Inc. boosted its stake in Guggenheim Active Allocation Fund by 7.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,271 shares of the company’s stock valued at $391,000 after acquiring an additional 1,829 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Guggenheim Active Allocation Fund by 53.6% during the 4th quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock valued at $81,000 after acquiring an additional 1,913 shares during the period.