Guggenheim Active Allocation Fund (NYSE:GUG) Shares Down 1.1% – Here’s What Happened

Guggenheim Active Allocation Fund (NYSE:GUG) shares fell 1.1% on Wednesday . The company traded as low as $15.96 and last traded at $16.05. 160,614 shares traded hands during trading, an increase of 91% from the average session volume of 83,938 shares. The stock had previously closed at $16.23.

Guggenheim Active Allocation Fund Trading Down 1.1%

The stock’s fifty day moving average is $15.72 and its two-hundred day moving average is $15.32.

Guggenheim Active Allocation Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Wednesday, October 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tsfg LLC bought a new position in Guggenheim Active Allocation Fund during the 1st quarter valued at $26,000. Geneos Wealth Management Inc. boosted its stake in Guggenheim Active Allocation Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 1,500 shares during the last quarter. Elequin Capital LP bought a new position in Guggenheim Active Allocation Fund during the 1st quarter valued at $66,000. JPMorgan Chase & Co. boosted its stake in Guggenheim Active Allocation Fund by 845.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after acquiring an additional 4,649 shares during the last quarter. Finally, Orion Porfolio Solutions LLC bought a new position in Guggenheim Active Allocation Fund during the 2nd quarter valued at $179,000.