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

Shares of Guggenheim Active Allocation Fund (NYSE:GUG) traded up 0.3% during trading on Wednesday . The company traded as high as $15.21 and last traded at $15.1250. 54,836 shares were traded 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 Up 0.3%

The company’s fifty day moving average is $15.74 and its 200 day moving average is $15.64.

Guggenheim Active Allocation Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Activity at Guggenheim Active Allocation Fund

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

Institutional Trading of Guggenheim Active Allocation Fund

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its stake in Guggenheim Active Allocation Fund by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $47,000 after purchasing 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 second quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after buying an additional 4,649 shares during the period. XTX Topco Ltd purchased a new stake in shares of Guggenheim Active Allocation Fund in the fourth quarter worth about $166,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Guggenheim Active Allocation Fund in the second quarter worth about $179,000. Finally, High Net Worth Advisory Group LLC bought a new position in shares of Guggenheim Active Allocation Fund in the fourth quarter valued at approximately $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.