Guggenheim Active Allocation Fund (NYSE:GUG) Announces $0.12 Monthly Dividend

Guggenheim Active Allocation Fund (NYSE:GUG) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1188 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Tuesday, September 15th.

Guggenheim Active Allocation Fund Stock Down 0.1%

NYSE GUG opened at $15.33 on Wednesday. Guggenheim Active Allocation Fund has a 1 year low of $14.66 and a 1 year high of $16.46. The company has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $15.68.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in Guggenheim Active Allocation Fund by 49.7% in the 2nd quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock valued at $14,400,000 after purchasing an additional 305,677 shares during the period. Focus Partners Wealth purchased a new position in shares of Guggenheim Active Allocation Fund in the 4th quarter worth $2,187,000. Pathstone Holdings LLC grew its holdings in shares of Guggenheim Active Allocation Fund by 16.4% in the third quarter. Pathstone Holdings LLC now owns 897,526 shares of the company’s stock worth $14,001,000 after purchasing an additional 126,657 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Guggenheim Active Allocation Fund in the fourth quarter worth about $1,692,000. Finally, Raymond James Financial Inc. raised its stake in Guggenheim Active Allocation Fund by 9.7% during the second quarter. Raymond James Financial Inc. now owns 650,002 shares of the company’s stock worth $10,166,000 after purchasing an additional 57,434 shares during the period.

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.