Guggenheim Strategic Opportunities Fund (NYSE:GOF) Share Price Passes Below 50-Day Moving Average of $20.56

Guggenheim Strategic Opportunities Fund (NYSE:GOF)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.56 and traded as low as $20.68. Guggenheim Strategic Opportunities Fund shares last traded at $20.69, with a volume of 1,100 shares.

The stock has a 50 day moving average price of $20.56.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.182 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.18 dividend on an annualized basis and a yield of 10.61%.

In other Guggenheim Strategic Opportunities Fund news, insider B. Scott Minerd sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.09, for a total transaction of $42,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parisi Gray Wealth Management grew its holdings in Guggenheim Strategic Opportunities Fund by 63.6% during the 2nd quarter. Parisi Gray Wealth Management now owns 18,000 shares of the investment management company’s stock valued at $369,000 after buying an additional 7,000 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Guggenheim Strategic Opportunities Fund by 2.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 136,280 shares of the investment management company’s stock valued at $2,791,000 after buying an additional 2,948 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Guggenheim Strategic Opportunities Fund in the 2nd quarter valued at about $51,000. Janney Montgomery Scott LLC raised its stake in shares of Guggenheim Strategic Opportunities Fund by 9.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 100,927 shares of the investment management company’s stock valued at $2,067,000 after purchasing an additional 8,647 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Guggenheim Strategic Opportunities Fund by 10.2% in the 2nd quarter. Advisor Group Inc. now owns 224,544 shares of the investment management company’s stock valued at $4,599,000 after purchasing an additional 20,696 shares in the last quarter.

About Guggenheim Strategic Opportunities Fund (NYSE:GOF)

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund launched and managed by Guggenheim Funds Investment Advisors, LLC. The fund is co-managed by Guggenheim Partners Investment Management LLC. It invests in public equity and fixed income markets across the globe. For its equity portion, the fund invests directly and through derivatives such as writing covered call and put options to invest in the stocks of companies operating across diversified sectors.

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