Guggenheim Strategic Opportunities Fund (NYSE:GOF – Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $8.88 and traded as high as $9.02. Guggenheim Strategic Opportunities Fund shares last traded at $8.9540, with a volume of 2,377,039 shares changing hands.
Guggenheim Strategic Opportunities Fund Stock Up 1.9%
The business has a fifty day moving average of $8.88 and a 200 day moving average of $10.69.
Guggenheim Strategic Opportunities Fund Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were given a $0.1821 dividend. This represents a $2.19 annualized dividend and a yield of 24.4%. The ex-dividend date of this dividend was Thursday, October 15th.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Verus Capital Partners LLC raised its holdings in shares of Guggenheim Strategic Opportunities Fund by 6.5% during the 1st quarter. Verus Capital Partners LLC now owns 2,477,088 shares of the investment management company’s stock valued at $27,298,000 after purchasing an additional 150,544 shares in the last quarter. Rivernorth Capital Management LLC boosted its holdings in Guggenheim Strategic Opportunities Fund by 132.6% in the first quarter. Rivernorth Capital Management LLC now owns 1,888,335 shares of the investment management company’s stock worth $20,809,000 after purchasing an additional 1,076,643 shares in the last quarter. Royal Bank of Canada increased its position in Guggenheim Strategic Opportunities Fund by 16.7% during the first quarter. Royal Bank of Canada now owns 1,145,825 shares of the investment management company’s stock worth $12,628,000 after buying an additional 163,619 shares during the last quarter. Beach Point Capital Management LP acquired a new position in Guggenheim Strategic Opportunities Fund during the third quarter worth $8,860,000. Finally, Gridiron Partners LLC increased its position in Guggenheim Strategic Opportunities Fund by 330.8% during the third quarter. Gridiron Partners LLC now owns 975,679 shares of the investment management company’s stock worth $8,303,000 after buying an additional 749,202 shares during the last quarter.
Guggenheim Strategic Opportunities Fund Company Profile
Guggenheim Strategic Opportunities Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol GOF. The fund seeks to provide total return through a combination of current income and capital appreciation by investing in a diversified portfolio of fixed-income and equity securities.
The fund may invest across a range of credit and income-producing assets, including corporate debt, securitized debt, government and agency securities, bank loans, preferred securities and other income-oriented investments.
Further Reading
- Five stocks we like better than Guggenheim Strategic Opportunities Fund
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Guggenheim Strategic Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guggenheim Strategic Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.
