Guggenheim Credit Allocation Fund (NYSE:GGM)’s stock price was down 0.5% on Tuesday . The stock traded as low as $20.00 and last traded at $20.05, approximately 24,099 shares traded hands during trading. A decline of 20% from the average daily volume of 30,084 shares. The stock had previously closed at $20.15.

The company has a fifty day moving average price of $20.21 and a two-hundred day moving average price of $20.38.

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.181 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.17 annualized dividend and a dividend yield of 10.81%.

A number of hedge funds and other institutional investors have recently bought and sold shares of GGM. Mid Atlantic Financial Management Inc. ADV raised its holdings in Guggenheim Credit Allocation Fund by 13.6% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 34,355 shares of the company’s stock worth $716,000 after buying an additional 4,100 shares during the period. HighTower Advisors LLC lifted its stake in Guggenheim Credit Allocation Fund by 11.5% in the second quarter. HighTower Advisors LLC now owns 27,742 shares of the company’s stock valued at $577,000 after buying an additional 2,852 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Guggenheim Credit Allocation Fund by 39.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,223 shares of the company’s stock valued at $401,000 after buying an additional 5,395 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in shares of Guggenheim Credit Allocation Fund by 4,850.5% in the second quarter. Centaurus Financial Inc. now owns 5,000 shares of the company’s stock valued at $104,000 after buying an additional 4,899 shares during the period.

Guggenheim Credit Allocation Fund Company Profile (NYSE:GGM)

Guggenheim Credit Allocation Fund is a closed ended fixed income mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund invests in credit securities that include debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans.

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