Guggenheim Active Allocation Fund to Issue Monthly Dividend of $0.12 (NYSE:GUG)

Guggenheim Active Allocation Fund (NYSE:GUG) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.1188 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Monday, June 15th.

Guggenheim Active Allocation Fund Stock Down 0.5%

Shares of GUG stock opened at $16.12 on Tuesday. The company has a 50-day moving average of $15.64 and a two-hundred day moving average of $15.61. Guggenheim Active Allocation Fund has a 1-year low of $14.70 and a 1-year high of $16.50.

Insiders Place Their Bets

In other Guggenheim Active Allocation Fund news, insider Randall C. Barnes sold 3,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $15.85, for a total transaction of $47,550.00. Following the completion of the transaction, the insider owned 62,322 shares of the company’s stock, valued at $987,803.70. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Trading of Guggenheim Active Allocation Fund

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Guggenheim Active Allocation Fund by 3.4% during the first quarter. Bank of America Corp DE now owns 914,964 shares of the company’s stock worth $13,926,000 after purchasing an additional 29,929 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Guggenheim Active Allocation Fund by 3.2% during the first quarter. Royal Bank of Canada now owns 500,014 shares of the company’s stock worth $7,610,000 after purchasing an additional 15,296 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Guggenheim Active Allocation Fund by 59.9% during the first quarter. Cetera Investment Advisers now owns 43,694 shares of the company’s stock worth $665,000 after purchasing an additional 16,361 shares in the last quarter. Ascentis Independent Advisors lifted its position in shares of Guggenheim Active Allocation Fund by 1.9% during the first quarter. Ascentis Independent Advisors now owns 48,577 shares of the company’s stock worth $739,000 after purchasing an additional 883 shares in the last quarter. Finally, World Investment Advisors lifted its position in shares of Guggenheim Active Allocation Fund by 5.0% during the first quarter. World Investment Advisors now owns 32,529 shares of the company’s stock worth $495,000 after purchasing an additional 1,562 shares in 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.