Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.55 and traded as low as $15.50. Guggenheim Strategic Opportunities Fund shares last traded at $15.60, with a volume of 897,857 shares changing hands.

Guggenheim Strategic Opportunities Fund Trading Up 0.2 %

The stock has a 50-day moving average price of $15.35 and a 200-day moving average price of $15.55.

Guggenheim Strategic Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.1821 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Guggenheim Strategic Opportunities Fund

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in Guggenheim Strategic Opportunities Fund by 7.5% during the fourth quarter. LPL Financial LLC now owns 1,712,240 shares of the investment management company’s stock worth $26,129,000 after purchasing an additional 119,927 shares during the last quarter. Verus Capital Partners LLC raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 53.3% during the 4th quarter. Verus Capital Partners LLC now owns 1,104,801 shares of the investment management company’s stock valued at $16,859,000 after buying an additional 384,257 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Guggenheim Strategic Opportunities Fund in the 4th quarter worth approximately $9,720,000. CreativeOne Wealth LLC boosted its stake in Guggenheim Strategic Opportunities Fund by 6.7% in the fourth quarter. CreativeOne Wealth LLC now owns 596,836 shares of the investment management company’s stock worth $9,108,000 after buying an additional 37,458 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Guggenheim Strategic Opportunities Fund by 28.3% during the fourth quarter. Bank of America Corp DE now owns 576,317 shares of the investment management company’s stock valued at $8,795,000 after acquiring an additional 127,181 shares during the last quarter.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.