Guggenheim Active Allocation Fund (NYSE:GUG) Shares Down 1.1% – Here’s What Happened

Shares of Guggenheim Active Allocation Fund (NYSE:GUG) dropped 1.1% during trading on Wednesday . The company traded as low as $15.96 and last traded at $16.05. Approximately 160,614 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 83,938 shares. The stock had previously closed at $16.23.

Guggenheim Active Allocation Fund Stock Down 1.1%

The stock’s 50 day moving average price is $15.72 and its 200 day moving average price is $15.32.

Guggenheim Active Allocation Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Investors Weigh In On Guggenheim Active Allocation Fund

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Guggenheim Active Allocation Fund by 49.7% during the 2nd quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock valued at $14,400,000 after purchasing an additional 305,677 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Guggenheim Active Allocation Fund by 12.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 799,036 shares of the company’s stock valued at $12,497,000 after purchasing an additional 90,126 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Guggenheim Active Allocation Fund by 2.0% during the 2nd quarter. Baird Financial Group Inc. now owns 781,143 shares of the company’s stock valued at $12,217,000 after purchasing an additional 15,019 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Guggenheim Active Allocation Fund by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 650,002 shares of the company’s stock valued at $10,166,000 after purchasing an additional 57,434 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Guggenheim Active Allocation Fund by 12.0% during the 1st quarter. Royal Bank of Canada now owns 517,900 shares of the company’s stock valued at $7,805,000 after purchasing an additional 55,628 shares in the last quarter.