Guggenheim Active Allocation Fund (GUG) to Distribute Monthly Dividend of $0.12 on September 30th

Guggenheim Active Allocation Fund (NYSE:GUG) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1188 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Guggenheim Active Allocation Fund Trading Down 1.5%

NYSE GUG opened at $15.02 on Friday. The business’s fifty day moving average is $15.50 and its 200-day moving average is $15.64. Guggenheim Active Allocation Fund has a one year low of $14.66 and a one year high of $16.46.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

Several large investors have recently modified their holdings of GUG. Bank of America Corp DE grew its holdings in Guggenheim Active Allocation Fund by 49.7% during the second quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock valued at $14,400,000 after purchasing an additional 305,677 shares during the period. Pathstone Holdings LLC raised its stake in shares of Guggenheim Active Allocation Fund by 16.4% in the third quarter. Pathstone Holdings LLC now owns 897,526 shares of the company’s stock valued at $14,001,000 after buying an additional 126,657 shares during the period. Raymond James Financial Inc. lifted its position in shares of Guggenheim Active Allocation Fund by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 676,297 shares of the company’s stock valued at $10,550,000 after buying an additional 26,295 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Guggenheim Active Allocation Fund by 12.0% during the 1st quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock worth $7,805,000 after acquiring an additional 55,628 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Guggenheim Active Allocation Fund by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 276,495 shares of the company’s stock worth $4,239,000 after acquiring an additional 723 shares during the last quarter.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.