Guggenheim Active Allocation Fund to Issue Monthly Dividend of $0.12 (NYSE:GUG)

Guggenheim Active Allocation Fund (NYSE:GUG) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.1188 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, February 13th.

Guggenheim Active Allocation Fund Stock Performance

GUG stock traded down $0.02 during trading on Tuesday, hitting $15.73. 13,299 shares of the stock traded hands, compared to its average volume of 79,448. The firm’s 50 day moving average is $15.52 and its two-hundred day moving average is $15.59. Guggenheim Active Allocation Fund has a 1 year low of $13.90 and a 1 year high of $16.50.

Institutional Trading of Guggenheim Active Allocation Fund

Several large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in Guggenheim Active Allocation Fund by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 1,500 shares during the period. JPMorgan Chase & Co. increased its position in shares of Guggenheim Active Allocation Fund by 845.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after purchasing an additional 4,649 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in shares of Guggenheim Active Allocation Fund in the 2nd quarter worth approximately $179,000. High Net Worth Advisory Group LLC purchased a new position in shares of Guggenheim Active Allocation Fund in the fourth quarter worth approximately $190,000. Finally, Creative Planning bought a new stake in Guggenheim Active Allocation Fund during the third quarter valued at approximately $217,000.

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.