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

Guggenheim Active Allocation Fund (NYSE:GUG)’s stock price rose 0.3% during trading on Wednesday . The company traded as high as $15.79 and last traded at $15.79. Approximately 68,326 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 84,720 shares. The stock had previously closed at $15.75.

Guggenheim Active Allocation Fund Price Performance

The stock’s fifty day moving average price is $16.05 and its two-hundred day moving average price is $15.35.

Guggenheim Active Allocation Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in Guggenheim Active Allocation Fund during the second quarter worth approximately $45,000. Concurrent Investment Advisors LLC acquired a new stake in Guggenheim Active Allocation Fund during the 1st quarter worth $216,000. Raymond James Trust N.A. lifted its position in Guggenheim Active Allocation Fund by 64.8% in the second quarter. Raymond James Trust N.A. now owns 17,830 shares of the company’s stock valued at $266,000 after acquiring an additional 7,014 shares during the last quarter. PFG Investments LLC acquired a new position in Guggenheim Active Allocation Fund in the second quarter valued at $476,000. Finally, J.W. Cole Advisors Inc. boosted its stake in Guggenheim Active Allocation Fund by 6.3% in the first quarter. J.W. Cole Advisors Inc. now owns 40,495 shares of the company’s stock valued at $595,000 after acquiring an additional 2,394 shares in the last quarter.