Guggenheim Active Allocation Fund (NYSE:GUG) Trading Down 1.6% – Time to Sell?

Shares of Guggenheim Active Allocation Fund (NYSE:GUG) traded down 1.6% on Thursday . The stock traded as low as $15.35 and last traded at $15.4150. 172,862 shares traded hands during mid-day trading, an increase of 117% from the average daily volume of 79,590 shares. The stock had previously closed at $15.67.

Guggenheim Active Allocation Fund Stock Down 0.5%

The stock has a fifty day moving average price of $15.92 and a 200-day moving average price of $15.77.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.1188 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Wednesday, July 15th.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in shares of 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 worth $47,000 after acquiring an additional 1,500 shares during the period. JPMorgan Chase & Co. lifted its position in Guggenheim Active Allocation Fund by 845.3% in the second 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 period. XTX Topco Ltd purchased a new stake in Guggenheim Active Allocation Fund in the 4th quarter valued at approximately $166,000. Orion Porfolio Solutions LLC acquired a new position in Guggenheim Active Allocation Fund during the 2nd quarter worth approximately $179,000. Finally, High Net Worth Advisory Group LLC acquired a new position in Guggenheim Active Allocation Fund during the 4th quarter worth 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.