Guggenheim Strategic Opportunities Fund (NYSE:GOF) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of Guggenheim Strategic Opportunities Fund (NYSE:GOF) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.61 and traded as low as $15.53. Guggenheim Strategic Opportunities Fund shares last traded at $15.60, with a volume of 1,154,381 shares changing hands.

Guggenheim Strategic Opportunities Fund Stock Performance

The stock’s 50 day moving average is $15.57 and its two-hundred day moving average is $15.61.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1821 per share. The ex-dividend date is Friday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 14.01%.

Hedge Funds Weigh In On Guggenheim Strategic Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Buska Wealth Management LLC increased its holdings in shares of Guggenheim Strategic Opportunities Fund by 18.2% in the fourth quarter. Buska Wealth Management LLC now owns 24,147 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 3,719 shares during the period. Retirement Planning Group LLC increased its stake in Guggenheim Strategic Opportunities Fund by 50.3% in the 4th quarter. Retirement Planning Group LLC now owns 48,499 shares of the investment management company’s stock valued at $740,000 after buying an additional 16,224 shares during the period. Mosaic Family Wealth Partners LLC increased its stake in Guggenheim Strategic Opportunities Fund by 1.9% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 218,974 shares of the investment management company’s stock valued at $3,342,000 after buying an additional 4,093 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Guggenheim Strategic Opportunities Fund during the 4th quarter worth $107,000. Finally, Waverly Advisors LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the 4th quarter worth $303,000.

About Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.