Guggenheim Active Allocation Fund (GUG) to Issue Monthly Dividend of $0.12 on September 30th

Guggenheim Active Allocation Fund (NYSE:GUG) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.1188 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Tuesday, September 15th.

Guggenheim Active Allocation Fund Stock Up 0.1%

Shares of NYSE:GUG opened at $15.37 on Thursday. The company has a 50 day moving average of $15.58 and a 200 day moving average of $15.67. Guggenheim Active Allocation Fund has a 12 month low of $14.66 and a 12 month high of $16.46.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in Guggenheim Active Allocation Fund by 49.7% during the second quarter. Bank of America Corp DE now owns 920,711 shares of the company’s stock valued at $14,400,000 after buying an additional 305,677 shares during the period. Focus Partners Wealth bought a new position in Guggenheim Active Allocation Fund in the 4th quarter worth about $2,187,000. Pathstone Holdings LLC raised its holdings in shares of Guggenheim Active Allocation Fund by 16.4% in the 3rd quarter. Pathstone Holdings LLC now owns 897,526 shares of the company’s stock valued at $14,001,000 after acquiring an additional 126,657 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new stake in shares of Guggenheim Active Allocation Fund in the 4th quarter valued at about $1,692,000. Finally, Raymond James Financial Inc. boosted its position in shares of 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 acquiring an additional 57,434 shares during the last quarter.

Guggenheim Active Allocation Fund is a diversified, closed-end management investment company trading on the New York Stock Exchange under the ticker symbol GUG. The fund aims to provide a combination of current income and capital appreciation by employing an actively managed, multi-asset strategy. Its investment universe spans global equity securities, fixed-income instruments, convertible securities and derivative instruments, allowing the portfolio to capture opportunities across market cycles and geographic regions.

Employing a dynamic asset allocation framework, the fund’s management team adjusts exposures based on market valuations, economic outlooks and risk assessments.