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

Guggenheim Active Allocation Fund (NYSE:GUG) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.1188 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Friday, August 14th.

Guggenheim Active Allocation Fund Stock Performance

Shares of GUG opened at $15.45 on Tuesday. Guggenheim Active Allocation Fund has a 52-week low of $14.70 and a 52-week high of $16.46. The business’s fifty day moving average is $15.88 and its 200-day moving average is $15.76.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several large investors have recently bought and sold shares of GUG. Royal Bank of Canada raised its stake 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 valued at $7,610,000 after acquiring an additional 15,296 shares during the last quarter. Cetera Investment Advisers lifted its holdings 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 during the period. Ascentis Independent Advisors grew its stake in shares of Guggenheim Active Allocation Fund by 1.9% in 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 during the last quarter. World Investment Advisors grew its stake in shares of Guggenheim Active Allocation Fund by 5.0% in 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 during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in Guggenheim Active Allocation Fund by 35.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 30,004 shares of the company’s stock valued at $460,000 after purchasing an additional 7,861 shares during the period.

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.