Ruggie Capital Group acquired a new stake in Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 9,250 shares of the company’s stock, valued at approximately $151,000.

Separately, Harbour Capital Advisors LLC raised its stake in Ares Dynamic Credit Allocation Fund by 1,535.0% in the second quarter. Harbour Capital Advisors LLC now owns 9,810 shares of the company’s stock valued at $600,000 after buying an additional 9,210 shares during the period.

Shares of Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) opened at 16.31 on Thursday. The company’s 50-day moving average is $16.35 and its 200 day moving average is $16.08. Ares Dynamic Credit Allocation Fund, Inc. has a 1-year low of $14.18 and a 1-year high of $16.56.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.26 annualized dividend and a dividend yield of 7.73%.

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Institutional Ownership by Quarter for Ares Dynamic Credit Allocation Fund (NYSE:ARDC)

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