Guggenheim Strategic Opportunities Fund (NYSE:GOF) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Guggenheim Strategic Opportunities Fund (NYSE:GOF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.51 and traded as high as $11.59. Guggenheim Strategic Opportunities Fund shares last traded at $11.5730, with a volume of 2,002,803 shares trading hands.

Guggenheim Strategic Opportunities Fund Price Performance

The firm’s 50 day moving average price is $11.51 and its 200-day moving average price is $12.43.

Guggenheim Strategic Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.1821 dividend. This represents a c) annualized dividend and a dividend yield of 18.9%. The ex-dividend date of this dividend is Wednesday, April 15th.

Insider Activity

In other Guggenheim Strategic Opportunities Fund news, insider Randall C. Barnes bought 4,180 shares of Guggenheim Strategic Opportunities Fund stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $11.59 per share, with a total value of $48,446.20. Following the purchase, the insider owned 6,231 shares of the company’s stock, valued at $72,217.29. This trade represents a 203.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. WFA Asset Management Corp boosted its stake in shares of Guggenheim Strategic Opportunities Fund by 24.8% in the 3rd quarter. WFA Asset Management Corp now owns 27,038 shares of the investment management company’s stock valued at $426,000 after purchasing an additional 5,378 shares during the last quarter. Eastern Bank boosted its stake in Guggenheim Strategic Opportunities Fund by 98.2% during the 3rd quarter. Eastern Bank now owns 8,073 shares of the investment management company’s stock worth $121,000 after acquiring an additional 4,000 shares during the last quarter. Retirement Planning Group LLC boosted its stake in Guggenheim Strategic Opportunities Fund by 137.3% during the 3rd quarter. Retirement Planning Group LLC now owns 273,901 shares of the investment management company’s stock worth $4,103,000 after acquiring an additional 158,481 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Guggenheim Strategic Opportunities Fund by 12.4% during the 3rd quarter. Global Retirement Partners LLC now owns 16,302 shares of the investment management company’s stock worth $244,000 after acquiring an additional 1,792 shares during the last quarter. Finally, Realta Investment Advisors boosted its stake in Guggenheim Strategic Opportunities Fund by 4.9% during the 3rd quarter. Realta Investment Advisors now owns 21,383 shares of the investment management company’s stock worth $320,000 after acquiring an additional 1,000 shares during the last quarter.

Guggenheim Strategic Opportunities Fund Company Profile

Guggenheim Strategic Opportunities Fund (NYSE: GOF) is a closed-end management investment company organized as a diversified, non-diversified or interval fund (as defined under the Investment Company Act of 1940). The fund commenced operations in February 2012 with a primary objective of seeking a high level of total return, consisting of both income and capital appreciation, through a flexible, opportunistic investment approach.

The fund’s core strategy focuses on investing across the capital structure of both debt and equity securities.