Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514,583 shares of the company’s stock after acquiring an additional 3,305 shares during the period. Guggenheim Capital LLC’s holdings in Ares Dynamic Credit Allocation Fund were worth $7,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ARDC. Worth Asset Management LLC boosted its position in shares of Ares Dynamic Credit Allocation Fund by 32.7% in the 4th quarter. Worth Asset Management LLC now owns 14,942 shares of the company’s stock valued at $226,000 after purchasing an additional 3,682 shares during the period. LPL Financial LLC lifted its stake in Ares Dynamic Credit Allocation Fund by 19.1% in the fourth quarter. LPL Financial LLC now owns 23,441 shares of the company’s stock valued at $354,000 after buying an additional 3,758 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Ares Dynamic Credit Allocation Fund by 98.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,367 shares of the company’s stock valued at $323,000 after acquiring an additional 10,589 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Ares Dynamic Credit Allocation Fund by 2.9% in the fourth quarter. Advisors Asset Management Inc. now owns 409,946 shares of the company’s stock valued at $6,194,000 after acquiring an additional 11,567 shares during the period. Finally, Invesco Ltd. grew its position in shares of Ares Dynamic Credit Allocation Fund by 5.4% during the fourth quarter. Invesco Ltd. now owns 287,872 shares of the company’s stock worth $4,350,000 after acquiring an additional 14,732 shares during the last quarter.

Ares Dynamic Credit Allocation Fund Trading Up 0.8 %

ARDC stock opened at $13.24 on Friday. The company has a fifty day moving average price of $14.16 and a 200 day moving average price of $14.84. Ares Dynamic Credit Allocation Fund, Inc. has a 12 month low of $11.52 and a 12 month high of $15.62.

Ares Dynamic Credit Allocation Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, April 21st will be paid a dividend of $0.1125 per share. This represents a $1.35 annualized dividend and a yield of 10.20%. The ex-dividend date of this dividend is Monday, April 21st.

About Ares Dynamic Credit Allocation Fund

Ares Dynamic Credit Allocation Fund, Inc is a closed-ended fixed income fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It primarily invests in the U.S. securities and companies. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, equity securities of CLOs and debt securities issued by CLOs, and other fixed-income instruments.