Guggenheim Active Allocation Fund (NYSE:GUG) Stock Price Up 0.3% – Still a Buy?

Guggenheim Active Allocation Fund (NYSE:GUG) shares traded up 0.3% on Wednesday . The company 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 Stock Performance

The company’s 50 day moving average price is $15.71 and its 200-day moving average price is $15.63.

Guggenheim Active Allocation Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, March 13th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

A number of hedge funds have recently bought and sold shares of GUG. Geneos Wealth Management Inc. boosted its position in Guggenheim Active Allocation Fund by 100.0% during 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 last quarter. JPMorgan Chase & Co. raised its position in shares of 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Guggenheim Active Allocation Fund in the 4th quarter worth about $166,000. Orion Porfolio Solutions LLC acquired a new position in shares of Guggenheim Active Allocation Fund in the 2nd quarter valued at about $179,000. Finally, High Net Worth Advisory Group LLC bought a new stake in shares of Guggenheim Active Allocation Fund during the 4th quarter valued at about $190,000.

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.