Guggenheim Enhanced Equity Income Fund (NYSE:GPM) Share Price Passes Below 50-Day Moving Average of $7.80

Guggenheim Enhanced Equity Income Fund (NYSE:GPM)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.80 and traded as low as $7.62. Guggenheim Enhanced Equity Income Fund shares last traded at $7.64, with a volume of 1,600 shares trading hands.

The business’s 50-day simple moving average is $7.79 and its two-hundred day simple moving average is $7.92.

The business also recently announced a — dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 12%.

A number of institutional investors have recently modified their holdings of GPM. Mid Atlantic Financial Management Inc. ADV bought a new position in shares of Guggenheim Enhanced Equity Income Fund during the second quarter valued at $83,000. Private Advisor Group LLC raised its stake in shares of Guggenheim Enhanced Equity Income Fund by 27.3% during the second quarter. Private Advisor Group LLC now owns 16,913 shares of the investment management company’s stock valued at $138,000 after acquiring an additional 3,626 shares during the last quarter. Quad Cities Investment Group LLC raised its stake in shares of Guggenheim Enhanced Equity Income Fund by 113.3% during the second quarter. Quad Cities Investment Group LLC now owns 21,091 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 11,203 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Guggenheim Enhanced Equity Income Fund by 4.2% during the second quarter. Cetera Advisor Networks LLC now owns 33,210 shares of the investment management company’s stock valued at $266,000 after acquiring an additional 1,332 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Guggenheim Enhanced Equity Income Fund during the second quarter valued at $385,000.

Guggenheim Enhanced Equity Income Fund Company Profile (NYSE:GPM)

Guggenheim Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It is co-managed by Guggenheim Funds Investment Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

Further Reading: Buyback For Investors Defined

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