Guggenheim Active Allocation Fund (NYSE:GUG) Stock Price Up 0.4% – Should You Buy?

Guggenheim Active Allocation Fund (NYSE:GUG) rose 0.4% during mid-day trading on Wednesday . The company traded as high as $15.59 and last traded at $15.52. Approximately 51,413 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 97,730 shares. The stock had previously closed at $15.46.

Guggenheim Active Allocation Fund Trading Up 0.4 %

The firm’s 50-day moving average is $15.33 and its 200 day moving average is $15.67.

Guggenheim Active Allocation Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.18%.

Institutional Trading of Guggenheim Active Allocation Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its position in shares of Guggenheim Active Allocation Fund by 9.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 43,607 shares of the company’s stock worth $648,000 after acquiring an additional 3,754 shares in the last quarter. MGB Wealth Management LLC boosted its holdings in shares of Guggenheim Active Allocation Fund by 6.6% during the 4th quarter. MGB Wealth Management LLC now owns 12,011 shares of the company’s stock worth $179,000 after buying an additional 747 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Guggenheim Active Allocation Fund during the 3rd quarter valued at $63,000. Avior Wealth Management LLC increased its stake in Guggenheim Active Allocation Fund by 53.6% in the fourth quarter. Avior Wealth Management LLC now owns 5,479 shares of the company’s stock valued at $81,000 after purchasing an additional 1,913 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Guggenheim Active Allocation Fund by 16.8% during the 3rd quarter. Stifel Financial Corp now owns 54,793 shares of the company’s stock worth $907,000 after buying an additional 7,896 shares during the period.