Guggenheim Active Allocation Fund (NYSE:GUG) Trading Down 1.5%

Guggenheim Active Allocation Fund (NYSE:GUG)’s share price dropped 1.5% during mid-day trading on Wednesday . The company traded as low as $16.29 and last traded at $16.31. Approximately 58,006 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 86,159 shares. The stock had previously closed at $16.55.

Guggenheim Active Allocation Fund Stock Performance

The firm’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $15.16.

Guggenheim Active Allocation Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date of this dividend is Friday, September 13th.

Institutional Trading of Guggenheim Active Allocation Fund

Institutional investors have recently modified their holdings of the stock. Relative Value Partners Group LLC raised its holdings in Guggenheim Active Allocation Fund by 14.5% during the fourth quarter. Relative Value Partners Group LLC now owns 245,733 shares of the company’s stock worth $3,602,000 after purchasing an additional 31,212 shares during the last quarter. 1607 Capital Partners LLC raised its holdings in Guggenheim Active Allocation Fund by 36.0% in the 4th quarter. 1607 Capital Partners LLC now owns 74,845 shares of the company’s stock valued at $1,097,000 after acquiring an additional 19,828 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Guggenheim Active Allocation Fund by 12.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 87,075 shares of the company’s stock valued at $1,277,000 after purchasing an additional 9,669 shares during the period. Nomura Holdings Inc. acquired a new position in Guggenheim Active Allocation Fund during the fourth quarter worth approximately $247,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Guggenheim Active Allocation Fund by 6.3% in the 1st quarter. J.W. Cole Advisors Inc. now owns 40,495 shares of the company’s stock valued at $595,000 after purchasing an additional 2,394 shares during the last quarter.