Guggenheim Active Allocation Fund (NYSE:GUG) Stock Price Down 0.6% – Time to Sell?

Guggenheim Active Allocation Fund (NYSE:GUG)’s stock price traded down 0.6% during mid-day trading on Friday. The company traded as low as $13.71 and last traded at $13.7950. Approximately 75,437 shares were traded during trading, a decline of 17% from the average session volume of 91,111 shares. The stock had previously closed at $13.88.

Guggenheim Active Allocation Fund Stock Performance

The company’s fifty day moving average is $14.49 and its 200-day moving average is $15.33.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.1187 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.42 annualized dividend and a dividend yield of 10.3%.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. grew its position in shares of Guggenheim Active Allocation Fund by 14.3% during the 2nd quarter. Wedbush Securities Inc. now owns 12,365 shares of the company’s stock worth $198,000 after buying an additional 1,550 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Guggenheim Active Allocation Fund by 35.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 30,004 shares of the company’s stock worth $460,000 after purchasing an additional 7,861 shares in the last quarter. World Investment Advisors grew its holdings in shares of Guggenheim Active Allocation Fund by 5.0% in the 1st quarter. World Investment Advisors now owns 32,529 shares of the company’s stock valued at $495,000 after buying an additional 1,562 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Guggenheim Active Allocation Fund by 6.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 40,738 shares of the company’s stock valued at $651,000 after buying an additional 2,317 shares during the period. Finally, Cetera Investment Advisers raised its stake in Guggenheim Active Allocation Fund by 59.9% during the 1st quarter. Cetera Investment Advisers now owns 43,694 shares of the company’s stock worth $665,000 after buying an additional 16,361 shares during the period.

Guggenheim Active Allocation Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol GUG. The fund seeks to provide investors with exposure to a diversified portfolio of securities through an actively managed asset-allocation strategy.

The fund may invest across multiple asset classes, including domestic and international equities, fixed-income securities, and other investments. Its portfolio managers adjust allocations among asset classes, sectors, industries, and geographic regions in an effort to respond to changing market and economic conditions.

Guggenheim Active Allocation Fund is advised by an affiliate of Guggenheim Investments, the global asset-management business of Guggenheim Partners.