Guggenheim Active Allocation Fund (NYSE:GUG) Plans Monthly Dividend of $0.12

Guggenheim Active Allocation Fund (NYSE:GUGGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.119 per share on Tuesday, April 30th. This represents a $1.43 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Friday, April 12th. This is a boost from Guggenheim Active Allocation Fund’s previous monthly dividend of $0.12.

Guggenheim Active Allocation Fund Stock Performance

Guggenheim Active Allocation Fund stock opened at $14.45 on Wednesday. The firm’s fifty day moving average is $14.61. Guggenheim Active Allocation Fund has a 12 month low of $12.71 and a 12 month high of $15.06.

Hedge Funds Weigh In On Guggenheim Active Allocation Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. grew its holdings in shares of Guggenheim Active Allocation Fund by 100.3% during the 4th quarter. Baird Financial Group Inc. now owns 413,797 shares of the company’s stock valued at $6,066,000 after acquiring an additional 207,221 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Guggenheim Active Allocation Fund by 1,500.6% in the 4th quarter. Royal Bank of Canada now owns 1,324,730 shares of the company’s stock valued at $19,420,000 after purchasing an additional 1,241,964 shares during the last quarter. Pathstone Holdings LLC acquired a new stake in shares of Guggenheim Active Allocation Fund in the 4th quarter valued at $2,177,000. LM Advisors LLC acquired a new stake in shares of Guggenheim Active Allocation Fund in the 4th quarter valued at $144,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Guggenheim Active Allocation Fund in the 4th quarter valued at $247,000.

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