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

Guggenheim Active Allocation Fund (NYSE:GUG)’s share price shot up 0.3% during trading on Wednesday . The company traded as high as $15.79 and last traded at $15.79. 68,326 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 84,720 shares. The stock had previously closed at $15.75.

Guggenheim Active Allocation Fund Price Performance

The firm’s 50-day moving average is $16.05 and its 200 day moving average is $15.35.

Guggenheim Active Allocation Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.1188 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.09%.

Institutional Trading of Guggenheim Active Allocation Fund

A number of hedge funds have recently added to or reduced their stakes in GUG. Advisors Asset Management Inc. increased its holdings in shares of Guggenheim Active Allocation Fund by 60.2% in the first quarter. Advisors Asset Management Inc. now owns 270,825 shares of the company’s stock valued at $3,984,000 after purchasing an additional 101,817 shares during the period. Raymond James & Associates grew its position in Guggenheim Active Allocation Fund by 48.0% in the 3rd quarter. Raymond James & Associates now owns 249,825 shares of the company’s stock valued at $4,135,000 after buying an additional 81,042 shares during the last quarter. International Assets Investment Management LLC increased its stake in Guggenheim Active Allocation Fund by 1,555.0% in the 3rd quarter. International Assets Investment Management LLC now owns 49,650 shares of the company’s stock valued at $8,220,000 after buying an additional 46,650 shares during the period. PFG Investments LLC purchased a new position in Guggenheim Active Allocation Fund during the 2nd quarter worth $476,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Guggenheim Active Allocation Fund during the 1st quarter worth $216,000.