Guggenheim Active Allocation Fund (NYSE:GUG) Trading Down 1% – Time to Sell?

Shares of Guggenheim Active Allocation Fund (NYSE:GUG) fell 1% on Tuesday . The company traded as low as $15.83 and last traded at $15.9160. 68,700 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 89,225 shares. The stock had previously closed at $16.07.

Guggenheim Active Allocation Fund Trading Down 1.0%

The business has a 50-day simple moving average of $15.71 and a 200-day simple moving average of $15.67.

Guggenheim Active Allocation Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.1188 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GUG. Geneos Wealth Management Inc. boosted its holdings in Guggenheim Active Allocation Fund by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 1,500 shares during the period. JPMorgan Chase & Co. boosted its stake in Guggenheim Active Allocation Fund by 845.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,199 shares of the company’s stock valued at $81,000 after purchasing an additional 4,649 shares during the period. XTX Topco Ltd acquired a new stake in Guggenheim Active Allocation Fund in the 4th quarter valued at approximately $166,000. Orion Porfolio Solutions LLC bought a new position in Guggenheim Active Allocation Fund in the 2nd quarter worth approximately $179,000. Finally, High Net Worth Advisory Group LLC acquired a new position in shares of Guggenheim Active Allocation Fund during the fourth quarter worth approximately $190,000.

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.